Stellantis, facing increased competition and a declining market, has slashed its earnings forecast significantly, attributing this to heavy investments needed for restructuring its U.S. operations.
The company's anticipations of a negative cash flow of between 5 billion euros to 10 billion euros underscore the challenges it faces in meeting its operational goals in North America.
A 14.45 per cent drop in Stellantis shares reflects the lack of confidence from investors amidst ongoing management changes and disputes with the United Auto Workers union.
As Stellantis seeks a new CEO amidst financial and operational instability, its relationship with U.S. dealers and the UAW adds further strain to the automotive giant's recovery efforts.
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