Stellantis, the auto giant known for brands such as Jeep and Fiat, is facing a challenging period ahead. The company's operating profit fell by 10% in the second half of 2023, primarily due to six-week strikes at the 'Detroit Three' automakers, which led to significant stoppages at Stellantis' operations in North America, a key profit center for the company. This downturn has prompted Stellantis to issue a warning about a turbulent 2024. Despite the financial setback, Stellantis announced a new stock buyback, which led to a temporary boost in its stock price. Additionally, Italy is actively seeking to attract a new major carmaker, a move that could potentially impact Stellantis' market position.
Stellantis warned of a turbulent upcoming year after its operating profit fell 10% in the second half of 2023 when strikes caused long stoppages at its operations in North America, its profit powerhouse. Read more https://t.co/e1XAMFvaku https://t.co/ICfMOsu82V
Stellantis warned of a turbulent 2024 after it saw operating profit fall by a tenth in the second half of 2023 https://t.co/W6j1qEvZlu https://t.co/FGJG8Ksgqx
Auto giant Stellantis warned of a turbulent 2024. It comes after the Jeep and Fiat maker saw operating profit fall by a tenth in the second half of 2023. Read more https://t.co/e1XAMFvIa2 https://t.co/bNQuIVn8W7
Auto giant Stellantis warned of a turbulent year ahead after its operating profit fell in the second half of 2023 when strikes caused long stoppages at its operations in North America, its profit powerhouse https://t.co/W6j1qEvZlu https://t.co/KXeG18GdoM
Auto giant Stellantis warned of a turbulent year ahead after its operating profit fell in the second half of 2023 when strikes caused long stoppages at its operations in North America, its profit powerhouse. Read more https://t.co/e1XAMFvIa2 https://t.co/KUSTwbY78O
Auto giant Stellantis warned of a turbulent 2024. It comes after the Jeep and Fiat maker saw operating profit fall by a tenth in the second half of 2023 https://t.co/W6j1qEvZlu https://t.co/hKvt9inq9X
Stellantis warned of a turbulent 2024 after it saw operating profit fall by a tenth in the second half of 2023. Read more https://t.co/e1XAMFvaku https://t.co/yprkz3zVB7
Stellantis warned of a turbulent upcoming year after its operating profit fell 10% in the second half of 2023 when strikes caused long stoppages at its operations in North America, its profit powerhouse https://t.co/W6j1qEvZlu https://t.co/V9XXgoAe6H
Stellantis stock pops on new buyback but automaker warns of 'turbulent' year ahead https://t.co/A8kVSUB15Q by @Pras_S
⚠️ STELLANTIS OPERATING PROFIT DOWN 10% IN H2 DUE TO N. AMERICA STRIKES (Reuters) Stellantis said on Thursday its operating profit fell 10% in the second half of last year when six-week strikes at the 'Detroit Three' automakers caused long stoppages at the group's operations in… https://t.co/E0h2i34rlR
Italy wants to lure new major carmaker in blow to Stellantis https://t.co/szX3xtegOH via @FlaviaRotondi @chiaraalbanese https://t.co/RgIeSKTn7Q