Stellantis Issues Profit Warning, Cites Global Markets, Chinese Competition
Its adjusted profit margin is now expected to be between 5.5 and 7.0% for the year, down from "double digit" previously forecast, the company said, adding industrial free cash flow is now expected to range between -5 billion to -10 billion euros, down from a prior "positive" projection.
Stellantis NV slashed its profit margin forecast for the year, citing plans to dial back production and spend more on ...
The Stellantis warning marks a sharp reversal in fortune for the world’s fourth-biggest car manufacturer, raising the ...
The automaker, created by a 2021 merger, is dealing with labor unrest, slumping sales and a revolt from its dealers.
Stellantis says full-time workers will be laid off and seasonal supplemental workers will be "separated" but isn't saying how ...
The UAW says Stellantis isn't living up to its commitments on product and investments, which the company denies.
Stellantis Updates 2024 Financial GuidanceAMSTERDAM, September 30, 2024 – Stellantis N.V. today revised its 2024 financial guidance, reflecting ...
Stellantis wants to adopt the low-cost mindset of Chinese EV makers despite the European and U.S. tariffs CEO Carlos Tavares ...
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