MILAN, Sept 30 (Reuters) - Stellantis ( STLA ) has cut
its 2024 financial guidance due to performance issues in North
America and deterioration in the global dynamics of the
industry, the automaker said on Monday.
The group said it sees adjusted operating income margin
(AOI) between 5.5 and 7% in 2024, down from a previously
forecasted "double-digit".
It added that industrial free cash flow for this year is
expected to range between negative 5 billion and negative 10
billion dollars, from a prior "positive".