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 investments to turn around its U.S. operations amid a wider industry slump and increased Chinese competition.
Shares in Jeep-maker Stellantis and Britain's Aston Martin tumbled on Monday after both companies joined European rivals in cutting their profit forecasts.European auto giant Stellantis, whose other ...
Italy stocks were lower after the close on Monday, as losses in the Technology, Healthcare and Financials sectors led shares ...
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 ...
Italy's main metalworkers union says workers in the automotive sector will go on strike on Oct. 18 in protest of declining ...
The transatlantic automaker registered a sharp drop in output at most of its Italian plants in the first half of 2024.
Italy's government will reallocate some 200 million euros ($222.78 million) in European Union funds it had previously ...
Carmaker Stellantis has slashed its earnings forecast, citing investments to turn around its U.S. operations as the wider ...
The struggling maker of Jeep and Ram is looking for a new CEO to succeed Carlos Taveres, who is under fire from US dealers ...
ROME (AP) — Workers in Italy's automotive sector will go on strike on Oct. 18, the main metalworkers unions said Tuesday, in ...
MILAN (AP) — Carmaker Stellantis, the world’s fourth largest carmaker, slashed its earnings forecast on Monday, citing ...
With less than two weeks before Stellantis lays off 2,500 workers at Warren Truck, a veteran autoworker is calling for an all ...
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