Stellantis is struggling. Here's why
Publishing timestamp: 2024-10-10 12:00:01
Summary
Stellantis, the world's fifth-largest automaker, saw record sales and profits in 2023 but is now struggling with high inventories in North America, leading to falling sales and profits. Dealers are furious and the company is facing disputes with suppliers and threats of strikes. The focus is now on how much it will cost the company to get rid of U.S. inventory, overshadowing discussions on long-term strategies and market position.
Sentiment: MIXED
Tickers: STLA,
Keywords: stellantis nv, autos, transportation, electric vehicles, united auto workers, business news,
Source: https://www.cnbc.com/2024/10/10/stellantis-is-struggling-heres-why.html