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.
Carmaker Stellantis, the world’s fourth largest carmaker, slashed its earnings forecast on Monday, citing investments to turn ...
Wall Street Journal on MSN3h
Stellantis Becomes Latest Automaker to Warn on Deteriorating MarketStellantis STLA2.69%increase; green up pointing triangle cut its full-year guidance Monday, becoming the latest European ...
The rout wiped off nearly $10 billion from the market value of the STOXX Auto & Parts index with Stellantis, listed in Paris ...
Stellantis NV cut its profit margin forecast for the year, citing costs to revive its struggling Jeep and Dodge businesses in ...
The automaker, created by a 2021 merger, is dealing with labor unrest, slumping sales and a revolt from its dealers.
European auto stocks tumbled almost 4% on Monday after a warning from Stellantis, Volkswagen and Aston rekindled concerns ...
Stellantis has slashed its 2024 profit outlook as it wrestles with higher costs in the US and slower sales in major markets.
Stellantis NV slashes its annual forecasts due to worsening industry trends, rising costs in the US, and fierce Chinese ...
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