Stellantis sees things go from bad to worse
Stellantis (STLA), the company behind brands including Jeep and Chrysler, on Thursday reported a major revenue decline as it moves to slash inventories and boost flagging sales. The automaker said it...
Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium passenger vehicles; pickup trucks, sport utility vehicles, and commercial vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services. The company offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, DS, Dodge, Fiat, Jeep, Maserati, Ram, Opel, Lancia, Vauxhall, Peugeot, Teksid, and Comau brand names. It sells its products directly, as well as through distributors and dealers. The company was founded in 1899 and is based in Hoofddorp, the Netherlands.
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1.3078 |
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Stellantis (STLA), the company behind brands including Jeep and Chrysler, on Thursday reported a major revenue decline as it moves to slash inventories and boost flagging sales. The automaker said it...
Stellantis said third-quarter group shipments fell 20% on the year as the company works to reduce the number of cars stocked at U.S. dealers and as it suffered from gaps in its product line-up ahead of new car launches. Continue reading View comments
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