Stellantis N.V. (STLA) Q2 2024 Earnings Call Transcript
No summary available.
https://seekingalpha.com/article/4706633-stellantis-n-v-stla-q2-2024-earnings-call-transcript?source=feed_all_articles
Morpher AI identified a bearish signal. The stock price may continue to fall based on the momentum of the negative news.
Stellantis N.V. (STLA) is a multinational automotive manufacturer formed through the merger of Fiat Chrysler Automobiles and PSA Group. The company produces a wide range of vehicles under various brands.
STLA stock is down 7.8% on Jul 25, 2024 17:14
No summary available.
https://seekingalpha.com/article/4706633-stellantis-n-v-stla-q2-2024-earnings-call-transcript?source=feed_all_articles
The post Ford, GM, Stellantis stocks fall after disappointing earnings reports appeared on BitcoinEthereumNews.com . A Ford Bronco on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT – Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future performance. Shares of Ford were off by more than 17% in early trading Thursday – on pace for their worst decline since 2009 – after missing Wall Street’s bottom-line earnings expectations due to warranty problems, a reoccurring issue with the company. Shares of General Motors and Stellantis were notably off as well after reporting their results this week. Shares of Tesla, which reported results Tuesday afternoon, were up slightly Thursday after their largest daily decline since 2020 on Wednesday. The traditional “Detroit” automakers — Ford, GM and Stellantis — were punished partially due to industrywide uncertainty, but more so in response to individual issues.
https://bitcoinethereumnews.com/finance/ford-gm-stellantis-stocks-fall-after-disappointing-earnings-reports/
CNBC''s Phil LeBeau reports on Ford and Stellantis'' quarterly earnings results.
https://www.cnbc.com/video/2024/07/25/ford-stellantis-shares-tumble-following-massive-earnings-miss.html
Stellantis is taking steps to fix weak margins and high inventory at its US operations and will not hesitate to axe underperforming brands in its sprawling portfolio, its CEO Carlos Tavares said on Thursday
https://www.timeslive.co.za/motoring/news/2024-07-25-stellantis-ready-to-axe-brands-and-fix-us-problems-says-ceo-tavares/
Net revenues of €85.0 billion, down 14% compared to H1 2023, primarily due to the decline in volume
https://lulop.com/en_EN/post/show/301100/with-important-product-led-tra.html
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