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Jeep Maker Stellantis Warns on Profit
Dodge-parent Stellantis tumbles on warning, dragging auto stocks lower
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.
Shares of Dodge-maker Stellantis drop 9% after profit warning
The conglomerate, known for brands such as Chrysler, Dodge and Jeep, warned of lower-than-expected sales “across most regions” in the second half of the year.
Jeep Maker Stellantis Warns on Profit as Automakers Face Perfect Storm
The car giant said it will accelerate its push to cut inventories on U.S. dealer lots by adding discounts and shipping fewer vehicles.
21m
on MSN
Stellantis reports 20% drop in 3rd quarter US sales, with Chrysler and Dodge hit hard
Stellantis released its U.S. sales numbers on Wednesday, showing another down quarter for the maker of Jeep, Ram, Chrysler, ...
55m
Stellantis sales declined in the third quarter. This is how much
The automaker this week lowered its financial outlook for 2024's second half, citing actions it's taking to address falling ...
Electrek
1d
Big discounts are coming for Jeep, Dodge as US sales crash ahead of first EV launches
Jeep and Dodge’s parent company, Stellantis, will offer hefty discounts and reduce output as it looks to reverse plunging ...
1d
Stellantis lowers profit outlook for 2024, plans more inventory cuts in US
Stellantis had been forecasting double digit adjusted operating income margins for this year, until Monday. Now the automaker ...
3d
Stellantis, Owner of Chrysler and Jeep, Slashes Profit Forecast
The automaker, created by a 2021 merger, is dealing with labor unrest, slumping sales and a revolt from its dealers.
Wall Street Journal on MSN
2d
Stellantis Becomes Latest Automaker to Warn on Deteriorating Market
Stellantis
STLA2.69%increase; green up pointing triangle cut its full-year guidance Monday, becoming the latest European ...
13d
UAW's Fain says Stellantis 'confirmed' Dodge Durango move to Canada in August
The UAW leader wrote a letter to a senior Stellantis executive, discussing disputes over the Dodge SUV and a closed Illinois ...
7d
Indiana Police Will Liquidate Busted Dodge Durangos, Says Stellantis Won’t Help
Stellantis allegedly failed to amend faulty oil coolers in Durango cruisers, leading one department to cut its losses and ...
6d
Stellantis puts five brands in creative review, including Dodge, Ram and Chrysler
The incumbents on the brands are Omnicom’s GSD&M (which mainly handles Dodge) and Stagwell’s Doner. Jeep, whose creative is ...
FOX 32
11d
Merrillville police chief slams Stellantis over faulty Dodge Durangos, forced to sell at 'significant' loss
The police chief of Merrillville, Indiana is slamming auto giant Stellantis after its fleet of recently purchased Dodge ...
1d
on MSN
Stellantis has too many cars sitting unsold, and it's a huge problem
It is no secret that Stellantis (STLA) has been in deep trouble lately. Last week, the multinational automaker and parent ...
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