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 cuts 2024 profit outlook
Carmaker Stellantis has slashed its earnings forecast, citing investments to turn around its U.S. operations as the wider ...
Ford shares fell over three per cent and GM by around four per cent after Stellantis NV lowered its 2024 forecast ...
Stellantis NV slashed its forecasts for the year, citing plans to lower production and spend more on promotional incentives ...
Cash flow is expected to suffer as well. Stellantis adds that its prior 2024 outlook for "positive" free cash flow has been updated to negative free cash flow of between 5 billion and 10 billion euros ...
In exchange for access to the European market, the vehicle manufacturer is making its technology available to the ...
The carmaker, which was created from the merger of PSA Peugeot with Fiat Chrysler Automobiles, also dropped its operating ...
Carmaker Stellantis has slashed its earnings forecast, citing investments to turn around its U.S. operations as the wider ...
MILAN (AP) — Italy's Stellantis, the world’s fourth largest carmaker, slashed its earnings forecast on Monday, citing ...
Stellantis NV on Monday slashed its annual forecasts and said it would burn through more cash than expected, citing worsening ...
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