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Stellantis, Volkswagen and Profit Warning
Stellantis shares plunge as carmaker follows Volkswagen in warning on profits
Shares in Chrysler parent Stellantis plunged almost 14% in Milan Monday after the Italian-American carmaker slashed its forecasts for full-year profitability and cash flow, citing weaker global sales and increased competition from Chinese rivals.
Volkswagen’s Second Profit Warning Exposes a Carmaker in Decline
Volkswagen AG’s second profit warning in three months makes one thing clear: Europe’s biggest automaker is in decline.
Shares In Jeep-maker Stellantis Fall After Profit Warning
Shares in European auto giant Stellantis, whose brands include Jeep, Fiat and Peugeot, sank Monday after the group cut its annual profit outlook, citing deteriorating "global industry dynamics".
Italy's Stellantis becomes latest car giant to issue profits warning
The struggling maker of Jeep and Ram is looking for a new CEO to succeed Carlos Taveres, who is under fire from US dealers and the United Auto Workers union after a dismal first-half financial performance.
5h
Volkswagen is expected to see a rough road in October
Volkswagen (VLKAF) (VWAGY) faces challenges with lowered guidance and restructuring plans, impacting stock performance.
2d
on MSN
Volkswagen Slashes Outlook a Second Time as Challenges Mount
Volkswagen AG cut its guidance for a second time this year, warning that waning demand will undercut the German carmaker’s ...
2h
Volkswagen cuts 2024 full-year guidance for 2nd time
Volkswagen (VWAGY) shares are attracting attention Monday as the automaker has reduced its full-year outlook for the second ...
2h
Volkswagen: Strong Buy Rating Amidst Strategic Cost-Cutting and Upcoming Product Cycles
Analyst Daniel Schwarz of Stifel Nicolaus reiterated a Buy rating on Volkswagen (0P6O – Research Report), reducing the price target to ...
2d
Volkswagen cuts 2024 outlook as car demand falters
Volkswagen cut its annual outlook for the second time in less than three months on Friday, citing a weaker-than-expected ...
3h
Electric car deal of the week: £239.99 per month for the Volkswagen ID.3
But this week’s electric car deal of the week is the Volkswagen ID.3, which is one of Europe’s best-selling electric cars for ...
Fleet World
2h
Volkswagen Group to boost safety systems with real-world data
Volkswagen Group is enhancing its driver assistance systems with sensor and image data from customer vehicles and real-world ...
5d
Volkswagen digs in as workers threaten strikes over plant closures
HANOVER, Germany, Sept 25 (Reuters) - Volkswagen (VOWG_p.DE) flatly rejected union demands after the first round of bitterly ...
2d
Volkswagen baja nuevamente proyecciones de ganancias por menor demanda de coches
El fabricante alemán de automóviles Volkswagen AG recortó sus previsiones por segunda vez este año y advirtió que la ...
6h
Europe’s biggest automaker is in decline. Volkswagen issues second profit warning due to weak demand and fading relevance in China
Europe's biggest automaker is in decline. Volkswagen issues second profit warning due to weak demand and fading relevance in ...
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