Stellantis and Aston Martin shares drop sharply after profit warnings amid China woes

The Stellantis sign is seen outside the FCA Headquarters and Technology Center in Auburn Hills, Michigan, on Jan. 19, 2021. Jeff Kowalsky | Afp | Getty Images Stocks of European carmakers hemorrhaged on Monday as Stellantis and British luxury brand Aston Martin issued profit warnings, citing broader industry challenges and difficulties in the world’s largest… Continue reading Stellantis and Aston Martin shares drop sharply after profit warnings amid China woes

German FAZ: Car manufacturer Stellantis shocks the stock market007795

It’s not just Volkswagen that is suffering from the growing competitive pressure on the global car market. Stellantis, Europe’s second largest volume manufacturer with brands such as Peugeot, Opel and Fiat, also issued a warning shot on Monday and revised its financial targets downwards. Instead of at least ten percent, only a profit margin of… Continue reading German FAZ: Car manufacturer Stellantis shocks the stock market007795

German FAZ: Car manufacturer Stellantis shocks the stock market007795

It’s not just Volkswagen that is suffering from the growing competitive pressure on the global car market. Stellantis, Europe’s second largest volume manufacturer with brands such as Peugeot, Opel and Fiat, also issued a warning shot on Monday and revised its financial targets downwards. Instead of at least ten percent, only a profit margin of… Continue reading German FAZ: Car manufacturer Stellantis shocks the stock market007795

German FAZ: Car manufacturer Stellantis shocks the stock market007795

It’s not just Volkswagen that is suffering from the growing competitive pressure on the global car market. Stellantis, Europe’s second largest volume manufacturer with brands such as Peugeot, Opel and Fiat, also issued a warning shot on Monday and revised its financial targets downwards. Instead of at least ten percent, only a profit margin of… Continue reading German FAZ: Car manufacturer Stellantis shocks the stock market007795

German FAZ: Car manufacturer Stellantis shocks the stock market007795

It’s not just Volkswagen that is suffering from the growing competitive pressure on the global car market. Stellantis, Europe’s second largest volume manufacturer with brands such as Peugeot, Opel and Fiat, also issued a warning shot on Monday and revised its financial targets downwards. Instead of at least ten percent, only a profit margin of… Continue reading German FAZ: Car manufacturer Stellantis shocks the stock market007795

@FCA: Statement: PHEV Fire Risk Advisory

September 30, 2024 , Auburn Hills, Mich. –  FCA US LLC is recalling an estimated 154,032 U.S.-market plug-in hybrid SUVs to resolve a potential fire risk.  A routine company review of customer data led to an internal investigation that discovered 13 fires. All vehicles were parked and turned off. The company estimates 5% of affected vehicles may… Continue reading @FCA: Statement: PHEV Fire Risk Advisory

@FCA: Fiat Fastback supera las 100 mil unidades producidas en Brasil

30 de septiembre de 2024 , Ciudad de México –  De un concept car presentado en el Salón del Automóvil de São Paulo en 2018 a uno de los modelos de referencia del segmento. Se trata del Fiat Fastback, que llegó al mercado brasileño en 2022 y se convirtió en un éxito para la marca, superando las 100 mil… Continue reading @FCA: Fiat Fastback supera las 100 mil unidades producidas en Brasil

@Groupe PSA: PR Leapmotor International Opens Orders in Europe for Affordable, High-Tech T03 City Car and C10 SUV Electric Vehicles007687

AMSTERDAM – Designated Stellantis brand vehicle dealers throughout Europe are now playing a greater role in offering consumers clean, safe and affordable mobility by taking orders for Leapmotor fully electric vehicles, with deliveries set for later this year. The launch of dealer orders is a milestone for Leapmotor International, the 51:49 joint venture between Stellantis and… Continue reading @Groupe PSA: PR Leapmotor International Opens Orders in Europe for Affordable, High-Tech T03 City Car and C10 SUV Electric Vehicles007687

@Groupe PSA: PR Stellantis Updates 2024 Financial Guidance007686

AMSTERDAM – Stellantis N.V. today revised its 2024 financial guidance, reflecting decisions to significantly enlarge remediation actions on North American performance issues, as well as deterioration in global industry dynamics. The Company has accelerated its planned normalization of inventory levels in the U.S., targeting no more than 330,000 units of dealer inventory by year-end 2024,… Continue reading @Groupe PSA: PR Stellantis Updates 2024 Financial Guidance007686

@FCA: Dodge//SRT Drivers Stewart, Hagan Exit Early at NHRA Midwest Nationals

September 30, 2024 , Auburn Hills, Mich. –  Tony Stewart missed advancing by inches on Sunday in his Tony Stewart Racing (TSR) Dodge//SRT Top Fuel dragster in one of the closest finishes of the season at the NHRA Midwest Nationals near St. Louis on Sept. 29, while teammate Matt Hagan also had a short day in… Continue reading @FCA: Dodge//SRT Drivers Stewart, Hagan Exit Early at NHRA Midwest Nationals