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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.

Bloomberg on MSN · 1d

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.

Wall Street Journal · 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 vehicles.

Stellantis, US

Assembly Mag · 1d

Stellantis Slashes 2024 Profit Outlook Amid Rising Global Competition

Stellantis, the world's fourth-largest automaker, reduced its 2024 profit forecast and warned of higher-than-expected cash burn due to weak global demand and rising competition, particularly from China.

Detroit Free Press · 1d

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.

MT Newswires on MSN · 1d

Stellantis Cuts Full-Year Adjusted Operating Profit Margin Outlook Amid Industry Headwinds

US-listed shares dropped early Monday after the automaker slashed its full-year adjusted operating income margin and free cash flow projections amid deteriorating global industry trends. The parent company of Chrysler and Jeep now expects its adjusted operating income margin to be between 5.

IJR1h

Stellantis Recalls Over 150,000 Plug-In Hybrids Following Wave Of Vehicle Fires

Carmaker Stellantis announced it was recalling over 150,000 plug-in hybrid Jeeps Monday due to a potential fire risk. An ...

7don 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 ...

Stellantis Recalls 194K Hybrid Jeep SUVs Over Fire Risk

Automaker Stellantis N.V. (STLA) announced Tuesday it is recalling a total of 194,245 plug-in hybrid electric Jeep SUVs to resolve a ...

The Jordan Times1d

Shares in Stellantis, Aston Martin skid on profit warnings

Shares in Jeep-maker Stellantis and Britain's Aston Martin tumbled on Monday after both companies joined European rivals in cutting their profit forecasts.European auto giant Stellantis, whose other ...

Car Dealer Magazine9h

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 ...

Newsday20d

Stellantis to invest $406 million at 3 factories, a step toward meeting commitments in UAW contract

DETROIT — Jeep and Ram maker Stellantis will spend $406 million retooling three Michigan factories so they can build electric vehicles or battery parts to support a strategy of making vehicles ...

Stellantis Charges Into Paris Motor Show 2024 Showcasing Five World Premieres, Innovative Tech Features and Chinese Brand Leapmotor

Stellantis Charges Into Paris Motor Show 2024 Showcasing Five World Premieres, Innovative Tech Features and Chinese Brand LeapmotorIconic brands ...

Richmond News1d

Italy's carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition

Italy's Stellantis, the world’s fourth largest carmaker , slashed its earnings forecast on Monday, citing investments to turn ...

Struggling Jeep and Ram maker Stellantis is searching for an 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 ...

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 ...

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