The Italian automotive industry group FIM-CISL has reported that Stellantis is expected to reduce its vehicle production in Italy to below 500,000 units this year, down from 751,000 units in 2023. This reduction is primarily due to continued weak market demand, especially in the electric vehicle segment. FIM-CISL leader Ferdinando Uliano warned that if current trends persist into the fourth quarter, the annual production of cars could fall below 300,000 units, with van production around 200,000 units. These ...

AUBURN HILLS, Mich., Oct. 2, 2024 /PRNewswire/ -- Stellantis hosts 25th annual supplier diversity MatchMaker event Event connects more than 325 diverse business owners with more than 225 Tier 1 supplier decisionmakers and Stellantis purchasing, supply chain and supplier quality representatives across commodity areas Annual tradeshow and networking event has generated more than $4 billion in new business opportunities Company has purchased more than $100 billion from diverse-owned suppliers since 1983 Head o ...

NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Stellantis N.V. (NYSE: STLA). Shareholders who purchased shares of STLA during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/stellantis-loss-submission-form/?id=106366&from=3 CLASS PERIOD: February 15, 2024 to ...

Analysts have indicated that European automakers are likely to be the most affected by the port workers' strike along the U.S. East Coast and Gulf of Mexico. These automakers heavily rely on these ports, and a prolonged strike could disrupt the entire industry. Recently, U.S. port workers initiated a large-scale strike, the first in nearly 50 years, leading to disruptions in about half of the U.S. international sea trade. The Auto Innovators Alliance is urging the White House to mediate a solution. The orga ...

Jeep vehicles are delivered to a dealership on June 20, 2024 in Chicago, Illinois. DETROIT — Stellantis' U.S. new vehicle sales during the third quarter continued a yearslong freefall despite CEO Carlos Tavares' actions to fix what he has called "arrogant" mistakes by the company. The Transatlantic carmaker reported U.S. sales Tuesday of 305,294 from July through September, a 19.8% decline from the third quarter of 2023 and a 11.5% decrease from the prior three months of this year. Stellantis was expected t ...

Stellantis N.V. (NYSE: STLA ) - created in 2021 by the merger of FCA and Peugeot Groupe - has been the wayward child of the global auto industry for the past several months, contending with a series of operational and I am a journalist based in Detroit, having spent almost my entire career writing about business and economic subjects for The Wall Street Journal, New York Times, Detroit Free Press and Bloomberg. I'm the author of two books and am an acknowledged expert on the world automotive industry. Analy ...

Stellantis N.V. (STLA) , the multinational automaker born out of the 2021 merger of PSA Peugeot and Fiat Chrysler, has become the latest European car manufacturer after Volkswagen (VWAGY) , Mercedez Benz Group AG (MBGAF) and BMW AG (BMWYY) to cut its profit outlook amid an increasingly challenging market. Stellantis has cited rising costs to turn around its U.S. business, stiff competition from Chinese rivals and sluggish global demand, particularly in China, one of the world's largest auto markets, as the ...

FX Empire Logo English check-icon Italiano Español Português Deutsch العربية Français Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial ...

NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) -- __________________ WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Stellantis N.V. (NYSE: STLA) between February 15, 2024 and July 24, 2024, both dates inclusive (the "Class Period"), of the important October 15, 2024 lead plaintiff deadline. SO WHAT: If you purchased Stellantis securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency ...

The European car company delivered some disappointing news about its business. In light of lingering economic challenges, it doesn't come as a complete surprise, but seeing it in writing has nevertheless jolted investors. Shares of carmaker Stellantis (STLA -13.89%) are deep in the red Monday, down 12.9% as of midsession after the company lowered its operating margin and cash flow guidance for the current fiscal year. The company's announcement echoes similar warnings recently issued by rival European autom ...