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Stellantis shares plunge
Stellantis CEO to address Italy parliament as demand for electric car weakens
Stellantis' chief Carlos Tavares will address an Italian parliamentary committee next week on the prospects for the carmaker's production in Italy, the company said on Tuesday, after it warned about poor demand for electric vehicles.
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.
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.
1d
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 ...
1d
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 ...
Car Dealer Magazine
9h
Stellantis and Aston Martin shares sink as they become latest car makers to issue profit warnings
Fiat owner Stellantis and Aston Martin both saw shares sink after warning over weaker profits amid pressure from cheaper ...
1d
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 ...
2h
Stellantis Shares Drop 14% Amid Profit Warning and Rising Competition from Chinese EV Makers
Shares in Stellantis, the parent company of Chrysler, plummeted nearly 14% in Milan on Monday following a drastic revision of ...
9h
Stellantis Stock Has Worst Day Since 2020 After Automaker Cuts Guidance
Global car stocks dropped after Jeep maker Stellantis joined Volkswagen and others in cutting earnings forecasts, signaling a ...
9h
Stellantis to extend halt in output of electric Fiat 500 on poor demand
Stellantis will extend the suspension of production of its Fiat 500 electric city car until Nov. 1 due to poor demand, the automaker said on Tuesday.
2d
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.
8h
Stellantis to Halt Production of Electric Fiat 500 for Longer Due to Poor Demand
The electric Fiat 500 is made at Stellantis' historic Mirafiori plant in Turin, northern Italy. The company previously said ...
Automotive News
7h
Stellantis extends production halt for electric Fiat 500 on poor demand
Despite the temporary production halt in output, Stellantis reiterated plans to invest $111 million to build a ...
WJCL
21h
Stellantis recalls 194,000 Jeep plug-in hybrids over fire risks
Stellantis is recalling 194,000 plug-in hybrid electric Jeep SUVs to address fire risks after 13 fires were reported.
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