Tag: PSA

@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

Vauxhall owner warns on profits amid falling sales and tougher Chinese competition

A Stellantis worker on the assembly line for the Jeep Grand Cherokee L model in Detroit, US. Photograph: Rebecca Cook/Reuters View image in fullscreen A Stellantis worker on the assembly line for the Jeep Grand Cherokee L model in Detroit, US. Photograph: Rebecca Cook/Reuters Vauxhall owner warns on profits amid falling sales and tougher Chinese… Continue reading Vauxhall owner warns on profits amid falling sales and tougher Chinese competition

German Manager Magazine: Stellantis shares collapse: Opel parent shocks the stock market with profit warning003604

The car company Stellantis is slashing its profit expectations for this year due to problems in the North American market and the weak industry situation. CEO Carlos Tavares (66) now only expects an operating profit margin of 5.5 to 7.0 percent adjusted for special effects, as Stellantis announced in Amsterdam. So far there should be… Continue reading German Manager Magazine: Stellantis shares collapse: Opel parent shocks the stock market with profit warning003604

German Manager Magazine: Stock market: Dax in the red, Volkswagen and Stellantis with losses, Baywa shares with price jump003605

After the latest rally on Monday, the Dax took a break. Since the mixed specifications from overseas did not provide any tailwind, the leading German index recently fell by 0.5 percent to 19,380 points. The MDax of medium-sized companies lost 0.23 percent to 27,147 points. The Eurozone leading index EuroStoxx 50 fell by around 0.3… Continue reading German Manager Magazine: Stock market: Dax in the red, Volkswagen and Stellantis with losses, Baywa shares with price jump003605

Citroën India launches new Aircross SUV

Citroën India has introduced the new version of its popular Aircross SUV, bringing a range of updates to its design, safety, and technology features. The new Aircross aims to cater to the evolving needs of Indian consumers, offering a blend of practicality, comfort, and advanced technology. Shishir Mishra, Brand Head of Citroën India, highlighted the… Continue reading Citroën India launches new Aircross SUV

Faruqi & Faruqi Reminds Stellantis Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 15, 2024 – STLA

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Stellantis To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in Stellantis between February 15, 2024 and July 24, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi… Continue reading Faruqi & Faruqi Reminds Stellantis Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 15, 2024 – STLA

German Manager Magazine: UAW boss Shwan Fain: Largest US auto union calls on Stellantis workers to strike003603

The US auto union United Auto Workers (UAW) has the employees of Stellantis called for a strike and accused the Franco-Italian car manufacturer of breach of contract. “We have reviewed the serious violations of our contract and the pattern of illegal behavior by Stellantis. “The evidence is clear that CEO Carlos Tavares, 66, is steering… Continue reading German Manager Magazine: UAW boss Shwan Fain: Largest US auto union calls on Stellantis workers to strike003603

Citroen C3 automatic launched at Rs 10 lakh

Prices for the Citroen C3 automatic have been revealed a little over a month after the French brand announced an significant feature update for the high-riding hatchback. Only available in top-spec Shine form, the C3 automatic is priced between Rs 10 lakh and Rs 10.27 lakh. As we had reported earlier, Citroen offers the C3… Continue reading Citroen C3 automatic launched at Rs 10 lakh