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Stellantis said it made almost $20 billion in 2023. The automaker also announced a dividend and stock buyback.
The Netherlands-based Stellantis, the last Big Three automaker to report earnings this cycle, also said it will repurchase 3 billion euros ($3.2 billion) of shares this year, adding to a buyback ...
Stellantis stock tumbled following lackluster first-half results as the final Big Three automaker to ... a drop of 14% compared to a year ago. Stellantis’s net income fell 48% to €5.6 billion ...
On 15 February 2023, Stellantis said it would establish a new software development and engineering hub in Gliwice, Poland. [45] On June 20, 2023, Stellantis and iPhone assembler Foxconn joined a 50-50 joint venture named SiliconAuto to design and sell semiconductors for the automotive industry from 2026. The headquarters for SiliconAuto is said ...
The carmaker set record net revenue in the first six months of the year of 98.4 billion euros, up 12% over a year earlier. It came as shipments rose to 3.327 million vehicles from 3.033 million.
The company’s relentless focus on short-term profits for 2023 had devastating consequences for Stellantis, Farris wrote. Market share had been slashed nearly in half. The share price was falling.
Stellantis CEO Carlos Tavares had total compensation of $39.5 million (36.5 million euros) in 2023, which is approximately 518 times that of the average Stellantis employee, although the company ...
Stellantis has had a string of bad news headlines this year. Here's a rundown of some of the issues.