Why Stellantis, Owner of Chrysler, Jeep and Ram, Is Struggling

Published On Sep 29, 2024, 5:02 AM

Stellantis, the large automaker formed by the merger of PSA and Fiat Chrysler, is currently facing significant challenges, including declining sales and profits, a growing surplus of unsold cars, and potential strikes from its workers' union. Criticism from dealers has intensified, and there are questions regarding the leadership of CEO Carlos Tavares as the company considers its future direction. Stellantis's stock has decreased nearly 50% since its peak in March.

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Stock Forecasts

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Negative

Given the current challenges, including declining sales and impending labor strikes, the outlook for Stellantis appears grim. The increased criticism from dealers and uncertainty surrounding the leadership suggests a further decline in confidence from investors.

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