Stellantis is taking 'decisive actions to address operational challenges' in North America, including reducing production and prices in the region this quarter.
MILAN ? Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe underperforming brands in its sprawling portfolio, its chief executive Carlos Tavares said on Thursday.
Stellantis is taking 'decisive actions to address operational challenges' in North America, including reducing production and prices in the region this quarter, Chief Financial Officer Natalie Knight told reporters. ' is the market that needs the most work,' Knight said. Analysts at Citi said in a note that the problems were likely to continue.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stellantis ready to 'fight' China in Europe's EV market, CEO saysStellantis is ready to 'fight' for its place in Europe's electric vehicle market against strong competition from Chinese carmakers, its CEO Carlos Tavares said on Monday, as the group presented its new EV production line in Serbia.
Read more »
Carmaker Stellantis pledges to tackle problems in North America as profits plungeStellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere after reporting a plunge in first-half earnings. Net profits at the U.S.-European automaker were down by half in the first six months of the year, due largely to lower sales and restructuring costs.
Read more »
North Texas CEO sentenced in $65M fraud case had tried to buy English soccer clubsMcKinney is apparently a renter's dream.
Read more »
Former North Texas CEO convicted and sentenced to 20 years in prison for wire fraudTwo separate shootings led to the deaths of 10 people, including two children, on the Fourth of July last week.
Read more »
North Carolina senator's top aide now CEO of Carolina Hurricanes parent companyA top aide to a powerful North Carolina state legislator has been named chief executive officer of the parent company of the Carolina Hurricanes. Hurricanes owner Tom Dundon announced on Thursday the hiring of Brian Fork, who has worked as state Senate leader Phil Berger's chief of staff since late 2020.
Read more »
Shark bites 14-year-old boy at North Topsail Beach in North CarolinaA shark bit a boy swimming in the ocean in North Topsail Beach over the weekend.
Read more »