Published 5 months ago

Carmaker Stellantis' second-half profits hit by North American strikes

Carmaker Stellantis reported a 13% decrease in net profits in the second half of 2023 due to strikes in North America, impacting its profit center.
The strikes led to increased pay across the industry and higher vehicle costs as Stellantis shifts away from gasoline-fueled vehicles. In the second half of the year, North American revenues dropped 5.6% to 40.5 billion euros.
Stellantis anticipates a "turbulent" year ahead and expects higher labor costs in North America due to a union deal. Full-year profit rose 11% to 18.6 billion euros, and the company plans to increase dividend payments by 16% this year.

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Associated Press News

Carmaker Stellantis' second-half profits hit by North American strikes - Seymour Tribune

MILAN (AP) — Carmaker Stellantis on Thursday reported an 13% decrease in net profits in the second half of 2023 due to the impact of strikes in North America, its profit center, as it heads into a year it expects to be “turbulent.” The world’s third-largest carmaker, formed three years ago through the Peugeot PSA-FCA FiatChrysler merger, reported net profit of 7.7 billion euros ($8.3 billion) in the second half, down from 8.8 billion in the same…

5 months ago·United States

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abc News

Carmaker Stellantis' second-half profits hit by North American strikes

5 months ago·United States

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RTÉ

Stellantis operating profit down 10% in H2 due to strikes

Stellantis has today warned of a turbulent year ahead after its operating profit fell 10% in the second half of 2023 when strikes caused long stoppages at its operations in North America, its profit powerhouse.

5 months ago·Ireland

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Washington Top News

Carmaker Stellantis’ second-half profits hit by North American strikes

5 months ago·Washington, United States

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WPLG

Carmaker Stellantis' second-half profits hit by North American strikes

Carmaker Stellantis on Thursday reported an 13% decrease in net profits in the second half of 2023 due to the impact of strikes in North America, its profit center, as it heads into a year it expects to be “turbulent.” The world’s third-largest carmaker, formed three years ago through the Peugeot PSA-FCA FiatChrysler merger, reported net profit of 7.7 billion euros ($8.3 billion) in the second half, down from 8.8 billion in the same period. Full…

5 months ago·Miami, United States

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