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.
The automaker, created by a 2021 merger, is dealing with labor unrest, slumping sales and a revolt from its dealers.
Stellantis said it was accelerating efforts to turn around North America, including bringing dealer inventory levels to no ...
These closures at Toledo's North and South plants were only supposed to last one week, according to Stellantis. But now, the shutdown is entering its third week, and may continue. UAW Representatives ...
Here is the actual letter sent to the Stellantis CEO by Stellantis dealers, signed by the officers of the Dealer Council. I ...
Stellantis NV slashes its annual forecasts due to worsening industry trends, rising costs in the US, and fierce Chinese ...
Production of Jeep Grand Cherokees and Dodge Durangos at the Detroit Assembly Complex-Jefferson plant will halt amid bloated ...
The Jeep CPO warranty adds 3-month/3,000-mile Maximum Care coverage after the original warranty expires or at the time of the sale. Even though Jeep’s CPO warranty is shorter than its competitors, it ...
Carlos Tavares, CEO of Stellantis, a major investor of EV maker Leapmotor, said the best way to compete is to 'try to be ...
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