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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. And it isn't alone.
Stellantis stock tumbled 13% early Monday after the company issued a stark warning about its North American operations, dragging other auto stocks lower in sympathy.Stellantis — which counts ...
Stellantis had almost 1.5 million vehicles in its U.S. inventory at the end of 2023, about 50% more than it had a year earlier. Why so many? Stellantis, like most automakers, books revenue when ...
Stellantis now projects its free cash flow to be in a range of negative $5.6 billion to negative $11.2 billion, a far cry from the original guidance of "positive" free cash flow.
Stellantis expects to ship at least 200,000 fewer units in North America during the second half of 2024 versus the corresponding period in 2023. Until late July, the auto giant expected shipments ...
Italian lawmakers on Friday questioned the head of Stellantis, the world's fourth largest automaker, over the group’s strategy, one day after it announced a management shakeup in an effort to ...
MILAN/DETROIT (Reuters) -Stellantis Chief Executive Carlos Tavares resigned abruptly on Sunday, two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost around ...
Stellantis has denied it is in violation of the contract and has vowed to challenge the legality of any new strike. Strong profits in 2023 led Stellantis to pay Tavares €36.5 million in total ...