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Stellantis Stock Is Dropping
Stellantis Stock Is Dropping After Cutting Guidance. Ford, GM Also Down.
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.
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.
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 cuts 2024 profit outlook
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. inventories as sales struggle.
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.
Stellantis cuts 2024 operating income margin in updated outlook
Carmaker Stellantis on Monday trimmed its fiscal 2024 adjusted margin view, citing decisions to significantly enlarge remediation actions on North American performance issues, as well as deterioration in global industry dynamics.
1h
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 ...
5h
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 ...
6h
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 ...
11h
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 ...
11h
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 ...
9h
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 ...
10h
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 ...
9h
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 ...
3h
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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China
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