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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 said it made almost $20 billion in 2023. The automaker also announced a dividend and stock buyback. Stellantis says it made $20B in net profit last year
In its news release Sunday, Stellantis said it was confirming its previously announced financial guidance for the year, which had been lowered to an adjusted operating income margin of 5.5-7% and ...
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 ...
Stellantis planned to develop four EV platforms by the end of the 2020s. [34] [35] Overall, the company announced more than €30bn would be invested by the end of 2021. [36] In the third quarter of 2021, Stellantis sales of new vehicles dropped due to issues related to the supply chain shortage of semiconductor chips used in their vehicles.
Strong profits in 2023 led Stellantis to pay Tavares €36.5 million in total compensation, which comes to $38.4 million at current exchange rates. The pay package sparked strong criticism.
Stellantis has had a string of bad news headlines this year. Here's a rundown of some of the issues.
In the US, Ford also recently announced an extended pause in F-150 Lightning production, which will affect the roughly 730 hourly workers at that Metro Detroit plant until 2025. Volkswagen plans ...