Stellantis has reiterated its 2024 financial guidance and provided updates on its capital framework during its investor day. Despite expecting lower profitability, the company remains committed to its full-year guidance. The automaker is focusing on deep cost cuts and addressing challenges in the Chinese market amid slowing auto markets and declining returns. Jeep's electric plans are also becoming clearer as the company navigates market uncertainties. Stellantis also provided H1/H2 color.
The push by Stellantis for deep cost cuts is coming up against limits just as auto markets slow and returns flag. https://t.co/hYCpmyLNYq
The push by Stellantis for deep cost cuts is coming up against limits just as auto markets slow and returns flag. https://t.co/e975pRuPYf
Stellantis expects lower profitability, but backs full-year guidance https://t.co/iiNbCnfLd7
$STLAM | Stellantis Expects Lower Profitability But Backs Full-Year Guidance - WSJ https://t.co/t6b72hxXik
Stellantis Expects Lower Profitability But Backs Full-Year Guidance https://t.co/ODzJXfPzRm
NEWS: 'Stellantis Reiterates 2024 Financial Guidance and H1/H2 Color. Updated Capital Framework Supports Strong Returns' Stellantis will be shrinking in the next few years (this has already started). Stellantis is losing market share left and right and is retrenching into the… https://t.co/JDykNSnp4S
At Stellantis investor day, cost cuts and China come into focus https://t.co/R7Eat5wImo
Jeep's electric plans come into sharper focus amid market jitters https://t.co/SkGC4Huuet