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Carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition

  • Stellantis, the world’s fourth largest carmaker, reduced its earnings forecast due to industry challenges and competition from China.
  • Stellantis expects a negative cash flow of 5 billion to 10 billion euros, replacing previous positive forecasts.
  • The company's first-half net profits dropped by 48% compared to last year, with U.S. Sales down nearly 16%.
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Winnipeg Free Press broke the news in Winnipeg, Canada on Monday, September 30, 2024.
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