Stellantis slashes 2024 profit forecast

Stellantis slashed its 2024 profit forecast. Its new forecast considers its decision to “enlarge remediation actions” to address performance issues in North America. The legacy automaker added that its revised 2024 financial guidance also considers the competition from China’s auto industry.  Below are Stellantis’ revised 2024 market outlook and financial guidance.  Adjusted operating income (“AOI”) … Continue reading Stellantis slashes 2024 profit forecast