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Stellantis Cuts Outlook

Bloomberg on MSN · 1h

Stellantis Cuts Outlook as Slowdown Slams European Carmakers

Stellantis NV slashed its forecasts for the year, citing plans to lower production and spend more on promotional incentives in a slowing and more competitive auto market.

MarketWatch · 3h

Stellantis Stock Headed for 1-Year Low After Outlook Cut

Shares of Stellantis fell after the Chrysler owner warned of shaky demand in the car market and cut full-year earnings guidance. The stock was down 13% at $13.93 in premarket trading, putting it on track to open at a 52-week low.

The Wall Street Journal on MSN · 9h

Stellantis Cuts Full-Year Guidance

Stellantis cut its full-year profit guidance and said it expected cash outflows of €10 billion, becoming the latest European automaker to warn on the increasingly tough car market.

Investopedia · 1h

Stellantis Stock Plunges as Jeep Maker Cuts Outlook

Stellantis shares are tumbling Monday after the Chrysler and Jeep parent issued a profit warning, noting it is cutting excess North American inventory amid a "deterioration in global industry dynamics" and competition from Chinese rivals.

Stellantis shares plunge

Fortune on MSN · 2h

Stellantis becomes second carmaker to issue profit warning in 4 days as China rivalry bites

Once celebrated, CEO Carlos Tavares has to worry about his job amid a dealer revolt and a new successor search by his own board.

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.

CNBC on MSN · 4h

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.

25m

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 ...

21m

GM’s and Ford’s stocks drop after Jeep owner Stellantis cuts profit-margin view

General Motors Corp.’s stock and Ford Motor Co.’s stock dropped Monday after Jeep owner Stellantis NV warned it’s facing ...

2h

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

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 ...

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 ...

4h

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

Stellantis reduce pronósticos ante contracción de la industria y competencia de China

La fabricante automotriz Stellantis redujo el lunes sus pronósticos de ingresos, citando las inversiones para reestructurar ...

4h

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 ...

Stellantis, MicroStrategy, Bit Digital And Other Big Stocks Moving Lower In Monday's Pre-Market Session

U.S. stock futures were slightly lower this morning, with the Nasdaq futures falling around 0.1% on Monday. Shares of ...

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