Stellantis on Monday revised its 2024 financial guidance, citing “performance issues in North America” and the “deterioration of the sector’s global dynamics”.
Stellantis said it saw adjusted operating profit margin between 5.5% and 7% for all of 2024, down from its previous “double-digit” estimate, while it expected to burn through between 5 and 10 billion euros in cash this year, dropping previous “positive” expectations.
Source: Ansa News Agency