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Stellantis shares plunge
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.
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.
European Autos Challenged By EVs, China, Weak Sales, Profit Warnings
Europe's auto makers face challenges as electric cars stall, overall sales weaken, profits fall, plant closures loom, and challenges mount from China’s cheaper EVs.
20h
on MSN
Ford, GM Stocks fall 3% After Jeep Maker Stellantis Warns About China Competition
Ford and General Motors stock fell after rival car maker Stellantis revised down its 2024 financial guidance, citing ...
2h
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 ...
17h
Stellantis slashes guidance, cites rising China competition
Shares of Stellantis (STLA) are plunging in extended-hours trading after the carmaker slashed its earnings forecast, ...
21h
Stellantis plunges 14% after lowering forecast: what’s driving the struggles?
Stellantis NV slashes its annual forecasts due to worsening industry trends, rising costs in the US, and fierce Chinese ...
18h
Stellantis cuts 2024 profit outlook as US sales crisis deepens
Stellantis cut its 2024 profit forecast on Monday and warned it will burn through more cash than expected as Europe's No.2 ...
5h
Apple, Nio, CVS Health, Stellantis, Tesla: Why These 5 Stocks Are On Investors' Radars Today
U.S. markets closed Monday slightly higher, with the Dow Jones Industrial Average edging up 0.04% to 42,330.15.
Automotive News
2d
Why Stellantis wants to be more like the Chinese to compete on EVs
Stellantis CEO Carlos Tavares wants to adopt the low-cost mindset of Chinese EV makers, but the automaker must navigate trade ...
14h
Dodge-parent Stellantis tumbles on warning, dragging auto stocks lower
Stellantis stock tumbled 13% early Monday after the company issued a stark warning about its North American operations, ...
14h
Stellantis slashing financial outlook amid industry slump, Chinese competition
Stellantis said it was accelerating efforts to turn around North America, including bringing dealer inventory levels to no ...
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