Stellantis (STLA) Updates 2024 Financial Guidance

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Go back to Stellantis (STLA) Updates 2024 Financial Guidance

Stellantis Updates 2024 Financial Guidance

September 30, 2024 1:33 AM EDT

Stellantis Updates 2024 Financial Guidance

AMSTERDAM, September 30, 2024 Stellantis N.V. today revised its 2024 financial guidance, reflecting decisions to significantly enlarge remediation actions on North American performance issues, as well as deterioration in global industry dynamics.

The Company has accelerated its planned normalization of inventory levels in the U.S., targeting no more than 330,000 units of dealer inventory by year-end 2024, from a prior timing objective of the first quarter of 2025. Actions include North American shipment declines of more than 200,000 vehicles in the second half of 2024 (up from 100,000 prior guidance),... More