stellantis
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Stellantis halts production in Italy
Stellantis has confirmed temporary production suspensions at its Italian plants but assured there are no plans to close facilities or implement mass layoffs in the automotive sector. However, the company acknowledges it is navigating a challenging environment with no easy solutions. On Wednesday, Stellantis announced plans to pause operations at its Cassino plant on November […]
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WORLD
Automotive giant Stellantis has revised its outlook, forecasting higher expenses and reduced cash flow.
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 […]
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