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Stellantis reported a record profit in 2023, but so far this year, the automaker reported a first-half net profit of 5.6 billion euros ($6.07 billion), down 48% from the same period of 2023.
The group has been under fire following a concerning profit warning in which the company said it expected to finish the year with a negative cash flow of up to 10 billion euros ($11.2 billion ...
The latest move by the UAW comes after the labor union said on Wednesday that members at Ford’s (F) tool and die unit at its Dearborn Rouge complex will go on strike on Sept. 26 if local ...
DETROIT (Reuters) -Chrysler parent Stellantis confirmed on Thursday that CEO Carlos Tavares would retire at the end of his contract in early 2026 and announced major senior management changes as ...
Stellantis N.V. is a multinational automotive manufacturing company formed from the merger in 2021 of the Italian–American conglomerate Fiat Chrysler Automobiles (FCA) and the French PSA Group. [ 10 ][ 11 ][ 12 ] The company headquarters are located in Hoofddorp, Netherlands. As of 2023, Stellantis was the world's fourth-largest automaker by ...
“Stellantis’ misplaced belief in its own pricing power means that it is losing out on customers to cheaper-priced potent competitors like the Toyota RAV4 or Honda CR-V,” Daniel Roeska and ...
Carlos Antunes Tavares Dias (born 14 August 1958) is a Portuguese businessman. He is the chief executive officer (CEO) of Stellantis, the world's fourth largest automaker by sales, [1] formed by the merger of the PSA Group and Fiat Chrysler Automobiles. He was formerly the chief operating officer at Renault. [2]
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.