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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 is changing its outlook.
Stellantis Stock Plunges as Jeep Maker Cuts Outlook
Stellantis shares are tumbling Monday after the Chrysler and Jeep parent issued a profit warning, noting it is cutting excess North American inventory amid a "deterioration in global industry dynamics" and competition from Chinese rivals.
Stellantis Stock Headed for 1-Year Low After Outlook Cut
Shares of Stellantis fell after the Chrysler owner warned of shaky demand in the car market and cut full-year earnings guidance. The stock was down 13% at $13.93 in premarket trading, putting it on track to open at a 52-week low.
Stellantis Cuts Outlook as Slowdown Slams European Carmakers
Stellantis NV slashed its forecasts for the year, citing plans to lower production and spend more on promotional incentives in a slowing and more competitive auto market.
Stellantis Cuts Full-Year Guidance
Stellantis cut its full-year profit guidance and said it expected cash outflows of €10 billion, becoming the latest European automaker to warn on the increasingly tough car market.
8h
on MSN
Robinhood To Rally Over 13%? Here Are 10 Top Analyst Forecasts For Monday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, ...
22m
Jerod Mayo has decisive QB outlook after Patriots' blowout loss
New England Patriots coach Jerod Mayo confirmed on Monday that Jacoby Brissett will remain the starting quarterback, one day ...
Reuters on MSN
11d
C$ posts 13-day high as Fed rate cut boosts global outlook
6 at 1.3534. "The market is buying the 'soft landing'
outlook
," said Adam Button, chief currency analyst at ForexLive, ...
18h
Seattle Mariners Superstar Provides Hopeful Outlook For Organization Moving Forward
As the Seattle Mariners wrap up a disappointing 2024 season, superstar Julio Rodriguez is taking the positive from it. In a ...
2d
Plug Power: Slightly Improved Outlook Makes The Depressed Fundamentals Look Better
Despite recent positive developments, Plug Power's financial performance remains weak. See why we recommend a sell rating on ...
4d
Southwest Airlines Soars on New Revenue Outlook, Stock Buybacks
Southwest Airlines stock is higher after the air carrier announced several initiatives, including a big share repurchase ...
EconoTimes
3d
FxWirePro: USD/ CNY edges higher but outlook still bearish
USD/ CNY edged higher on Monday as investors squared their positions on the last trading day before the week-long Golden Week ...
4d
Micron Stock Pops on Strong Outlook Driven by 'Robust AI Demand'
Micron Technology shares surged in extended trading Wednesday as the memory chip maker's revenue and outlook blew past ...
15h
Positive Outlook for Axsome Therapeutics’ Auvelity Backs Buy Rating
Axsome Therapeutics (AXSM – Research Report), the Healthcare sector company, was revisited by a Wall Street analyst on September 27.
9h
It’s time for the Patriots to make a change at QB and start rookie Drake Maye
The Patriots wanted to sit and develop Maye. But after a disastrous start, it's time to bench Jacoby Brissett and go with the ...
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