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investor concernsNBC News
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83% Informative
Stellantis CEO Carlos Tavares says U.S. problems led to sales declines, bloated inventories and investor concerns.
Tavares: "We had a convergence of three things that should have triggered, from me and nobody else, an immediate task force to address those things" The company also reconfirmed its 2024 guidance and vowed to continue to return capital to shareholders going forward.
Stellantis expects to grow sales of Jeep vehicles globally by 50% in the next three years , as the automaker attempts to leverage the quintessential American SUV brand for increased profits. The trans-Atlantic automaker on Thursday said it will expand production and sales to roughly 1.5 million units by 2027 . To do so, the company will grow its vehicle and powertrain offerings. “The Jeep brand can be a local hero anywhere,” Tavares said. “We are going to reinforce the manufacturing footprint of Jeep .” This article was originally published on NBCNews.com .
VR Score
84
Informative language
83
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English
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57
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