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Auto giant Stellantis on Thursday reported a steep drop in first-half net profit, citing reduced volumes, temporary production gaps and lower market share in North America.
DETROIT — Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future performance.
AUBURN HILLS, Mich. – Stellantis expects to grow sales of Jeep vehicles globally by 50% in the next three years, as the automaker attempts to leverage the quintessential American SUV brand for increased profits.
DETROIT — Stellantis is laying off roughly 400 salaried employees in the U.S. in its engineering, technology and software units to cut costs as the automaker faces what it calls challenging market conditions.
Global auto giant Stellantis on Thursday reported a 10% year-on-year fall in profit in the second half of 2023, as six-week strikes at the so-called Detroit Three automakers hampered production in the group's North American profit epicenter.
DETROIT — Chinese automakers pose a growing threat to their American counterparts — even without selling directly to consumers in the U.S. market.