• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Stellantis sees 20% y/y decline in third-quarter shipments

by October 16, 2024
written by October 16, 2024

(Reuters) – Stellantis (NYSE:STLA) expects a 20% yearly drop in consolidated shipments in the third quarter to 1.15 million units globally, the carmaker said on Wednesday.

That’s a steeper drop than the forecast 15% underlying sales decline, due to portfolio transitions and dealer inventory reduction initiatives, it said in a statement.

It expects Maserati third-quarter consolidated deliveries at its Maserati unit to fall 60% to 2.1 million worldwide.

The carmaker cut in September its 2024 profit forecast and warned it would burn through more cash than expected as it pledged to reduce output and offer big discounts to revive its U.S. business, wiping billions off its market value.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Shareholders approve buyout of AirAsia by long-haul associate
next post
Japan stocks lower at close of trade; Nikkei 225 down 1.87%

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Trump implies government could cut contracts and subsidies to Musk’s companies

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (505)
    • Stock (6,426)

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Popular News

    • Japan stocks higher at close of trade; Nikkei 225 up 0.55%
    • Nvidia surpasses $3.6 trillion market value after Trump win

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy