Why Stellantis, Owner of Chrysler, Jeep and Ram, Is Struggling
WEB2 days ago — Operating profit will be, at best, 7 percent of sales compared with an earlier forecast of more than 10 percent, Stellantis said. The news sent the company’s share price down roughly 14 percent ...
Carmaker Stellantis slashes forecasts as it faces industry slump and ...
WEB1 day ago — Updated 5:33 AM PDT, September 30, 2024. MILAN (AP) — Carmaker 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. Stellantis said it was accelerating efforts to turn around …
Carmaker Stellantis slashes forecasts as it faces industry slump and ...
WEB1 day ago — In its profit warning, Stellantis said it expected to finish the year with a negative cash flow of 5 billion euros to 10 billion euros, ($5.6 billion to $11.2 billion) instead of positive.
Stellantis' $854 million UK lawsuit over airbag, seatbelt cartels ...
WEB12 hours ago — Stellantis' 771 million euro ($854 million) London lawsuit against two safety equipment makers began on Tuesday, with the European carmaker arguing long-running cartels led to it being overcharged ...
Stellantis ready to axe brands and fix US problems, CEO says
WEBMILAN, July 25 (Reuters) - Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe underperforming brands in its sprawling portfolio,...
CEO: Stellantis has achieved $9 billion in cost reductions from …
WEBJun 13, 2024 — AUBURN HILLS, Mich. — Stellantis is correcting what CEO Carlos Tavares described Thursday as "arrogant" mistakes by himself and the company in the automaker's U.S. operations that led to sales...
Press Releases - Stellantis
WEBStellantis, Samsung SDI Announce Kokomo, Indiana as Site for Second U.S. StarPlus Energy Gigafactory; October 11, 2023; Stellantis Recognizes Suppliers for Commitment, Performance, Quality and Operational Excellence; October 9, 2023; MEDIA ADVISORY: Stellantis to Present Commercial Vehicles Strategy and New Global Van Lineup on …
Biden administration to award nearly $1.1 billion to Stellantis, GM …
WEBWASHINGTON, July 11 (Reuters) - The Biden administration plans to award General Motors (GM.N) and Chrysler-parent Stellantis nearly $1.1 billion in grants to convert existing plants to build...
News Dashboard - Stellantis
WEBLatest Press Releases. Stellantis Deploys AI-enabled Innovations to Boost Manufacturing Efficiency, Sustainability and Improve Workplace. Stellantis Pro One Inaugurates Global Commercial Vehicles Hub at Mirafiori Automotive Park 2030 in Turin, Italy.
All-new, All-electric 2025 Ram 1500 REV Unveiled at New
WEBApr 5, 2023 — The 2025 Ram 1500 REV will offer customers two all-electric options including a standard 168 kilowatt-hour battery pack with a targeted range of up to 350 miles and an optional 229 kilowatt-hour large battery pack with a …