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Carmaker Stellantis slashes forecasts
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 investments to turn around its U.S. operations amid a wider industry slump and increased Chinese competition.
Italy's Stellantis becomes latest car giant to issue profits warning
The struggling maker of Jeep and Ram is looking for a new CEO to succeed Carlos Taveres, who is under fire from US dealers and the United Auto Workers union after a dismal first-half financial performance.
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 in a slowing and more competitive auto market.
Automotive News
56m
Stellantis aims to keep Autobianchi, Innocenti brands, Tavares says
Although Stellantis has 15 active brands in its stable, the group does not want to give up the Autobianchi and Innocenti ...
14h
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 ...
6d
Italy's automotive workers plan to strike on Oct. 18 over a fall in output at Stellantis
Italy's main metalworkers union says workers in the automotive sector will go on strike on Oct. 18 in protest of declining ...
6d
Italy auto workers plan to strike over a fall in output at Stellantis
The transatlantic automaker registered a sharp drop in output at most of its Italian plants in the first half of 2024.
14h
on MSN
Italy stocks lower at close of trade; Investing.com Italy 40 down 1.69%
Italy stocks were lower after the close on Monday, as losses in the Technology, Healthcare and Financials sectors led shares ...
13d
on MSN
Italy to reallocate EU funds earmarked for Stellantis gigafactory
Italy's government will reallocate some 200 million euros ($222.78 million) in European Union funds it had previously ...
20h
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 ...
21h
Italy's Stellantis becomes latest car giant to issue profit warning
The struggling maker of Jeep and Ram is looking for a new CEO to succeed Carlos Taveres, who is under fire from US dealers ...
Manufacturing
5d
Italy's Automotive Workers Plan to Strike on Oct. 18 Over Fall in Output at Stellantis
ROME (AP) — Workers in Italy's automotive sector will go on strike on Oct. 18, the main metalworkers unions said Tuesday, in ...
18h
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 ...
4d
Stellantis Warren Truck worker: “If we don’t fight now, they are going to take our jobs”
With less than two weeks before Stellantis lays off 2,500 workers at Warren Truck, a veteran autoworker is calling for an all ...
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