automotive

WORLD

Automotive giant Stellantis has revised its outlook, forecasting higher expenses and reduced cash flow.

September 30, 2024
automotive
cash flow
stellantis

Stellantis no longer expects positive free cash flow this year, predicting it will burn through more cash than initially projected. The company cited worsening trends in the auto industry, higher costs related to restructuring its U.S. operations, and increased competition from China in the electric vehicle sector. This was reported by Reuters. The company now […]