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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.
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 vehicles.
Carmaker Stellantis slashes forecasts
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 automobile industry faces a slump and increased Chinese competition.
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.
Stellantis Stock Sinks on Slashed Profit Forecast
On the charts, Stellantis stock is trading at its lowest level since January 2023, and a far-cry from its late-March record high of $29.51. The security is on track for its largest single-day percentage loss since March 2020,
12h
on 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 ...
Automotive News
55m
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 ...
cbtnews
13h
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 ...
1d
Stellantis, Owner of Chrysler and Jeep, Slashes Profit Forecast
The automaker, created by a 2021 merger, is dealing with labor unrest, slumping sales and a revolt from its dealers.
4d
Stumbling Stellantis sets up new hurdle with effort to replace CEO Tavares
Carmaker Stellantis has embarked on what industry executives expect to be a lengthy and deeply challenging effort to replace ...
7d
Stellantis starts search for Tavares successor as pressure rises
The company's chair is increasingly dissatisfied with the situation in North America, where sales have have slowed and ...
7d
on MSN
Struggling Jeep and Ram maker Stellantis is searching for a new CEO
Struggling Jeep and Ram maker Stellantis is looking for a CEO to succeed Carlos Tavares, but the company says it’s just part ...
6d
on MSN
Stellantis Could Be Looking For A New CEO To Replace Tavares
Carlos Tavares has a contract to remain as Stellantis chief executive until early 2026 but that hasn’t stopped company ...
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 ...
6d
Michigan Republican lawmakers write to Stellantis CEO Tavares about 'grave concerns'
The letter, which criticizes Biden administration auto policies, comes as Carlos Tavares faces pressure from dealers, workers ...
16h
on MSN
Stellantis Needs A Turnaround. But The Fix Is Far From Clear
Who should be next to lead the European-American conglomerate, and what must they do? Plus, GM educates dealers on EVs.
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