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Stellantis Shares Fall as Executive Shake-Up Fails to Calm Nerves.
- Source :
-
Wall Street Journal - Online Edition . 10/12/2024, pN.PAG-N.PAG. 1p. - Publication Year :
- 2024
-
Abstract
- Shares of Stellantis, the troubled automaker that includes brands like Jeep, Ram, Chrysler, Fiat, and Peugeot, fell 3.8% in European trade and are down 45% for the year. The company recently announced a management reshuffle in an attempt to improve its fortunes, but analysts are skeptical that these changes will address the company's immediate challenges. Stellantis is facing issues such as excess inventory, profitability, and meeting its 2030 targets. The departure of Chief Executive Carlos Tavares in 2026 adds further uncertainty to the company's prospects. [Extracted from the article]
Details
- Language :
- English
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Online Edition
- Publication Type :
- News
- Accession number :
- 180249236