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Stellantis Stock Plunges
Stellantis’ Guidance Was So Bad, Ford and GM Stocks Are Getting Hit
The warning, amid similarly negative news from other car makers, also dragged down shares of Ford Motor and General Motors.Stellantis now sees full-year adjusted operating income margins coming in at 5.
Global Car Stocks Fall After Jeep Maker Stellantis Cuts Guidance
Global car stocks dropped after Jeep maker Stellantis and U.K. luxury carmaker Aston Martin joined Volkswagen and others in cutting earnings forecasts, signaling a worsening industry outlook. Stellantis—which houses brands such as Chrysler,
Stellantis Stock Plunges as Jeep Maker Cuts Outlook
Stellantis shares are tumbling Monday after the Chrysler and Jeep parent issued a profit warning, noting it is cutting excess North American inventory amid a "deterioration in global industry dynamics" and competition from Chinese rivals.
Stellantis and Aston Martin Lower 2024 Profit Outlooks
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.
Stellantis and Aston Martin blame weaker China demand for profit warnings
Stellantis and Aston Martin have become the latest European carmakers to issue profit warnings as the industry is hammered by competition from cheaper Chinese rivals. In recent weeks, Germany’s Volkswagen,
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.
3h
on MSN
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 ...
7h
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 ...
8h
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 ...
9h
Stellantis lowers 2024 outlook, accelerates inventory reductions
Stellantis NV on Monday lowered its annual financial guidance for the year and said it was accelerating actions to reduce U.S ...
12h
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 ...
11h
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 ...
13h
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
7h
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
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 ...
5h
on MSN
Stellantis recalls 194,000 Jeep plug-in hybrids over fire risks
Stellantis said Monday it is recalling 194,000 plug-in hybrid electric Jeep SUVs to address fire risks after 13 fires were ...
5h
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 ...
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