stellantis
Multinational carmaker Stellantis confirmed its 2024 financial guidance and capital return plan on Thursday. The company, which has its corporate headquarters in the Netherlands, is still projecting a double-digit adjusted operating income (AOI) margin and positive industrial free cash flows, and to deliver €7.7 billion ($8.3 billion) or more in dividends and buybacks in 2024. For the first-half period, the company continues to project 10%-11% AOI margin, with industrial free cash flows visibly below the prior year period. For the second half period, the company sees the chance to improve its ...
DPA Breaking News
Multinational carmaker Stellantis confirmed its 2024 financial guidance and capital return plan on Thursday. The company, which has its corporate headquarters in the Netherlands, is still projecting a double-digit adjusted operating income (AOI) margin and positive industrial free cash flows, and to deliver €7.7 billion ($8.3 billion) or more in dividends and buybacks in 2024. For the first-half period, the company continues to project 10%-11% AOI margin, with industrial free cash flows visibly below the prior year period. For the second half period, the company sees the chance to improve its ...
DPA
Multinational carmaker Stellantis confirmed its 2024 financial guidance and capital return plan on Thursday. The company, which has its corporate headquarters in the Netherlands, is still projecting a double-digit adjusted operating income (AOI) margin and positive industrial free cash flows, and to deliver €7.7 billion ($8.3 billion) or more in dividends and buybacks in 2024. For the first-half period, the company continues to project 10%-11% AOI margin, with industrial free cash flows visibly below the prior year period. For the second half period, the company sees the chance to improve its ...
DPA International
Dodge and MotorTrendare back at it again with another year of the legendary Roadkill Nights horsepower festival, this time for the ninth edition. However, this is the first RKN where the Hemi V8 isn’t the focus. Instead, this year will highlight the capabilities of the newly-launched HurriCrate inline-six turbo crate engine, with both new and seasoned competitors taking on the challenge to take home all of the bragging rights. 2024 Roadkill Nights: DetailsMotorTrend Presents Roadkill Nights Powered by Dodge will once again host legally sanctioned drag racing on Woodward Avenue in Metro Detroit...
Muscle Cars and Trucks
2024年5月9日、Stellantis ジャパンより、DSオートモビル・ブランド「DS4」の特別仕...
Webモーターマガジン
Detroit (AFP) - Stellantis has notified thousands of workers in the US states of Ohio and Michigan of potential layoffs, attributing the move partly to California rules that limit where vehicles can be sold. The European automaker on Thursday notified 2,455 workers in Detroit and 1,225 in Ohio of potential job loss under the federal Warn Act, which requires early notification of major layoffs. The company expects the actual number of layoffs to be "much lower" than the Detroit figure and "slightly lower" than the Ohio number, said Stellantis spokeswoman Jodi Tinson. "Due to the complexity of o...
AFP
Paris (AFP) - Stellantis beat analyst forecasts with a jump in third quarter sales despite the automaker acknowledging Tuesday the strike by its US workers cost $3.2 billion in lost revenue. The French-Italian-US automaker said revenue rose by seven percent compared to the July-September period last year to 45.1 billion euros ($47.9 billion), beating expectations. "I'm proud to say that we've delivered a strong third quarter performance," Stellantis chief financial officer Natalie Knight told journalists. Shares in the company were up 2.5 percent in European trading and were up over 3.4 perc...
AFP
Washington (AFP) - Stellantis and the striking United Auto Workers union have reached a preliminary agreement on a new labor contract, the two sides said Saturday, allowing members to go back to work at grounded factories. The tentative deal, reached after 44 days of strike action that simultaneously targeted Detroit's "Big Three" automakers, is similar to one struck earlier this week with Ford, the union said. "Once again, we have achieved what just weeks ago we were told was impossible," UAW President Shawn Fain said, adding that "we have begun to turn the tide in the war on the American wor...
AFP
New York (AFP) - The US auto workers union halted work at a giant Stellantis truck plant on Monday, expanding a five-week strike hitting Detroit automakers. The United Auto Workers action means that 6,800 workers walked off the job in Sterling Heights, Michigan, where the European auto giant assembles the highly profitable Ram 1500 pickup trucks. On Friday, UAW President Shawn Fain reported progress in talks with Stellantis, but said further concessions were necessary for a deal that would end the stoppage. The UAW's press release said Monday's action was needed because Stellantis' current off...
AFP
New York (AFP) - Stellantis urged owners of thousands of 2003 Dodge Ram pickups to "immediately stop" driving the vehicles if their Takata airbags have not been replaced, the company said Tuesday. The "Do Not Drive" consumer alert follows a May 13 fatal accident involving one of the trucks that US regulators said constituted the 26th death in the United States tied to the defective part. The company, then known as Chrysler, recalled 385,686 of the vehicles in 2015. US regulators estimate that roughly 84,000 of the vehicles remained unrepaired, according to The National Highway Traffic Safety A...
AFP
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