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Stellantis Stock Is Dropping
Stellantis Stock Is Dropping After Cutting Guidance. Ford, GM Also Down.
Stellantis stock tanked early Monday, dragging down shares of Ford Motor and General Motors, after the Jeep maker cut its 2024 financial guidance, citing deteriorating industry dynamics and Chinese competition.
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.
Stellantis Drops 13% In Pre-market On Lowered Guidance
Shares of Stellantis N.V. (STLA) were falling more than 13 percent in pre-market on Monday to $13.94, after the automaker slashed its
Stellantis and Aston Martin shares drop sharply
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 shares drop sharply after profit warnings amid China woes
Stocks of European carmakers hemorrhaged early on Monday as Stellantis and British luxury brand Aston Martin issued profit warnings.
Aston Martin shares fall 25% after warning blamed on supply disruptions, China
The British car manufacturer said it expects to sell 1,000 fewer cars than previously anticipated due to delays at several of its suppliers
51m
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 ...
1h
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 ...
2h
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 ...
1h
What's Going On With Stellantis Stock Monday?
Stellantis NV (NYSE:STLA) stock is plunging Monday after it revised its fiscal 2024 guidance to reflect its remediation ...
15m
Stellantis slashes forecasts for the year with issues most acute in North America
Stellantis is unique among European automakers in that its issues are most acute in North America. Leaders of the company’s U ...
2h
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 ...
1d
Why Stellantis, Owner of Chrysler, Jeep and Ram, Is Struggling
The automaker, created by a 2021 merger, is dealing with labor unrest, slumping sales and a revolt from its dealers.
2h
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 ...
3h
Italy's carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition
MILAN (AP) — Italy's Stellantis, the world’s fourth largest carmaker, slashed its earnings forecast on Monday, citing ...
2h
Stellantis slashes profit margin outlook
Stellantis has slashed its 2024 profit outlook as it wrestles with higher costs in the US and slower sales in major markets.
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