Jeep, Dodge, Ram and Chrysler owner Stellantis is struggling despite a banner year and big promises of a bright future.
of the French maker Groupe PSA and the American-Italian Fiat Chrysler promised billions of dollars of savings in synergies and new opportunities for brands spanning two continents to share the burden of developing costly new technologies such as electric vehicles and software."At first, the market was quite doubtful whether Stellantis could pull off the $5 billion in synergies between the two companies that they had announced," said Daniel Roeska, managing director at Bernstein.
Out of all brands in the U.S., Stellantis vehicles have some of the highest inventories of vehicles on dealer lots, according to Cox Automotive. That means they aren't selling.
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