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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, like most automakers, books revenue when vehicles are shipped to dealers. From the company's point of view, those vehicles were "sold," and those sales were counted in its year-end ...
Stellantis, which makes Jeep and Chrysler vehicles, is struggling globally, with the Italian government demanding clarity about its production plans for the country.
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 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 also notes that its inventory levels have already fallen 3% from this time last year, and it expects to be able to report "positive full-year Industrial free cash flow" by the end of ...
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 ...
Stellantis' struggles have been particularly bad. Tavares's cost-cutting approach initially helped, but more recently the company's US sales were down 17% this year compared to last year, writes ...