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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 ...
Although the sheer scope of it is jarring, to forward-thinking investors, today's plunge from Stellantis stock to a new 52-week low also makes for a tempting entry point. Don't take the bait, though.
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.
The Jeep Grand Wagoneer is a nice SUV. But with a starting price of more than $90,000, it has been a tough sell. Image source: Stellantis. Higher prices and more shipments worked -- until they didn't
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 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 ...
Stellantis has been in the news a lot lately, but not in ways that please shareholders, company executives, rank-and-file workers and most others with a connection to the company.
Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing struggle with slumping ...