Stellantis has revised its profit forecast, now expecting profit margins between 5.5% and 7%, down from double-digit growth, primarily due to weakening global auto sales.
The global automotive market is facing significant challenges, as Stellantis cites increased competition from Chinese carmakers and deteriorating demand, especially highlighted by a profit warning from Aston Martin.
With a projected negative industrial cashflow between -$5 billion and -$10 billion, Stellantis is struggling to adapt to the oversupply in the U.S. vehicle market while managing production cuts.
The company plans to reduce its car supply to the U.S. by 200,000 vehicles to normalize inventory levels, aligning with broader trends affecting European automakers.
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