Stellantis revised its forecast for 2024, projecting an adjusted operating income margin of 5.5% to 7.0%, primarily due to corrective actions in North America and lower sales across regions.
The company plans to normalize its U.S. dealer inventory to 330,000 units by the end of 2024, accelerating earlier timelines and adjusting shipment expectations significantly.
Stellantis also anticipates a drastic shift in industrial free cash flow, expecting losses between €5 billion to €10 billion as it adjusts to a lower AOI outlook.
The automaker is responding to intensified competition from China's auto industry while addressing U.S. market challenges, reflecting a broader shift in its operational strategy.
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