Multinational carmaker Stellantis confirms its guidance for 2024
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 ...