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Stellantis shares plunge
Stellantis shares plunge as carmaker follows Volkswagen in warning on profits
Shares in Chrysler parent Stellantis plunged almost 14% in Milan Monday after the Italian-American carmaker slashed its forecasts for full-year profitability and cash flow, citing weaker global sales and increased competition from Chinese rivals.
Stellantis becomes second carmaker to issue profit warning in 4 days as China rivalry bites
Once celebrated, CEO Carlos Tavares has to worry about his job amid a dealer revolt and a new successor search by his own board.
Ford's Shares Dragged Down by Stellantis Warning
Stellantis warned that this year's financial results would be worse than expected. Ford investors worry it will disappoint the market next.
Stellantis cuts 2024 profit outlook
Stellantis Cuts 2024 Profit Outlook as US Sales Crisis Deepens
PARIS (Reuters) - Stellantis cut its 2024 profit forecast on Monday and warned it will burn through more cash than expected as Europe's No.2 carmaker pledged to reduce output and offer big discounts to revive its U.S. business, wiping billions off its market value.
Stellantis lowers profit outlook for 2024, plans more inventory cuts in US
Stellantis had been forecasting double digit adjusted operating income margins for this year, until Monday. Now the automaker is changing its outlook.
Stellantis lowers 2024 outlook, accelerates inventory reductions
Stellantis NV on Monday lowered its annual financial guidance for the year and said it was accelerating actions to reduce U.S. inventories as sales struggle. The transatlantic automaker is forecasting an adjusted operating income margin of 5.
10h
Carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition
Carmaker Stellantis has slashed its earnings forecast, citing investments to turn around its U.S. operations as the wider ...
6h
on MSN
Why Stellantis Stock Is Crashing Today
Although the sheer scope of it is jarring, to forward-thinking investors, today's plunge from Stellantis stock to a new ...
6h
Auto stocks crash after top carmaker Stellantis NV slashes annual forecast; Ford down 3%, General Motors sink 4%
Ford shares fell over three per cent and GM by around four per cent after Stellantis NV lowered its 2024 forecast ...
7h
on MSN
Stellantis Cuts Forecasts in Further Blow to Besieged Carmakers
Stellantis NV slashed its forecasts for the year, citing plans to lower production and spend more on promotional incentives ...
13h
Stellantis, world’s 4th largest carmaker, slashes forecasts amid industry slump and Chinese competition
The carmaker, which was created from the merger of PSA Peugeot with Fiat Chrysler Automobiles, also dropped its operating ...
12h
European Autos Stocks Wipe off $10 Billion After Stellantis Warning
The rout wiped off nearly $10 billion from the market value of the STOXX Auto & Parts index with Stellantis, listed in Paris ...
12h
Carmaker Stellantis slashes forecasts, faces industry slump and Chinese competition
Carmaker Stellantis has slashed its earnings forecast, citing investments to turn around its U.S. operations as the wider ...
13h
Italy's carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition
MILAN (AP) — Italy's Stellantis, the world’s fourth largest carmaker, slashed its earnings forecast on Monday, citing ...
16h
on MSN
Stellantis warns on profit, citing global markets, Chinese competition
Stellantis NV on Monday slashed its annual forecasts and said it would burn through more cash than expected, citing worsening ...
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