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Stellantis revises guidance downward, citing performance issues, industry dynamics
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Stellantis revises guidance downward, citing performance issues, industry dynamics
Sep 29, 2024 11:34 PM

PARIS, Sept 30 (Reuters) - Stellantis NV ( STLA )

revised on Monday its guidance downward, reflecting decisions to

significantly enlarge remediation actions on North American

performance issues and deterioration in global industry

dynamics.

Its adjusted profit margin is now expected to be between 5.5

and 7.0% for the year, down from "double digit" previously

forecast, the company said.

(Writing by Makini Brice, editing by Tassilo Hummel)

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