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Stellantis, Jeep
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.
GM and Ford stocks drop after Jeep owner Stellantis cuts profit view
General Motors Corp.’s stock was down nearly 4% and Ford Motor Co. fell 3.1% in premarket trading on Monday after Jeep owner Stellantis NV warned it’s facing increased competition from Chinese auto makers and lower wholesale shipments.
Stellantis Cuts Outlook
Stellantis Cuts 2024 Profit Outlook as US Sales Crisis Deepens
PARIS (Reuters) - Stellantis cut its 2024 profit forecast on Monday and warned it will burn through more cash than expected as Europe's No.2 carmaker pledged to reduce output and offer big discounts to revive its U.S. business, wiping billions off its market value.
Stellantis Cuts Outlook as Slowdown Slams European 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 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.
11h
on MSN
Why Stellantis Stock Is Crashing Today
Although the sheer scope of it is jarring, to forward-thinking investors, today's plunge from Stellantis stock to a new ...
18h
Carmaker Stellantis slashes forecasts, 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 ...
7h
on MSN
These Stocks Are Moving the Most Today: NIO, Stellantis, Nvidia, Carnival, and More
Stocks were lower Monday as the month and quarter came to an end and following a speech from Federal Reserve Chair Jerome ...
16h
Stellantis sees things going from bad to worse
Chrysler, and Dodge slashed its full-year financial expectations on Monday, as CEO Carlos Tavares looks to fix the company’s ...
17h
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 ...
cbtnews
11h
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 ...
14h
Stellantis reduce pronósticos ante contracción de la industria y competencia de China
La fabricante automotriz Stellantis redujo el lunes sus pronósticos de ingresos, citando las inversiones para reestructurar ...
19h
European autos stocks wipe off $10 bln after Stellantis warning
European auto stocks tumbled almost 4% on Monday after a warning from Stellantis, Volkswagen and Aston rekindled concerns ...
7h
Stellantis recalls 194,000 Jeep plug-in hybrids over fire risks
Stellantis STLAM.MI said Monday it is recalling 194,000 plug-in hybrid electric Jeep SUVs to address fire risks after 13 ...
19h
on MSN
Carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition
Carmaker Stellantis, the world’s fourth largest carmaker, slashed its earnings forecast on Monday, citing investments to turn ...
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Jeep
Italy
China
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