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Stellantis cuts 2024 AOI margin, free cash flow guidance
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Stellantis cuts 2024 AOI margin, free cash flow guidance
Oct 3, 2024 12:22 AM

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".

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