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Stellantis cuts 2024 profit outlook

Detroit Free Press on MSN · 58m

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.

U.S. News & World Report · 5h

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.

Detroit News · 6h

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.

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.

Reuters on MSN · 5h

European carmakers warn on profits in the face of weak demand and rising costs

European carmaker Stellantis on Monday joined bigger rival Volkswagen and others in warning about the worsening outlook for auto demand and rising costs, wiping billions of euros off the sector's market value.

Euronews (English) on MSN · 10h

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.

1hon MSN

Stellantis Stock Is Dropping After Cutting Guidance. Ford, GM Also Down.

The warning, amid similarly negative news from other car makers, also dragged down shares of Ford Motor and General ...

37m

Stellantis recalls 194,000 Jeep plug-in hybrids over fire risks

Stellantis STLAM.MI said Monday it is recalling 194,000 plug-in hybrid electric Jeep SUVs to address fire risks after 13 ...

4hon 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 ...

11h

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 ...

8h

Stellantis sees things going from bad to worse

Chrysler, and Dodge slashed its full-year financial expectations on Monday, as CEO Carlos Tavares looks to fix the company’s ...

8h

Jeep Owner Stellantis Warns of Deterioration Across Global Car Industry

The car giant said it will accelerate its push to cut inventories on U.S. dealer lots by adding discounts and shipping fewer ...

10h

UAW urges Stellantis workers to authorize strike, accuses car maker of breaching contract

The United Auto Workers union asked the workers at Stellantis to authorize a strike, accusing the French-Italian car maker of ...

UAW leaders urge Stellantis workers to prepare for strike

The United Auto Workers (UAW) leaders are urging Stellantis members to be prepared to vote in favor of a strike against the ...

3hon MSN

Stellantis has too many cars sitting unsold, and it's a huge problem

It is no secret that Stellantis (STLA) has been in deep trouble lately. Last week, the multinational automaker and parent ...

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