Stellantis Cuts Earnings Forecast
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Carmakertorontosun
•Carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition
76% Informative
Stellantis slashed its earnings forecast on Monday , citing investments to turn around its U.S. operations.
The carmaker also dropped its operating profit margin guidance to 5.5% to 7.0% , instead of double digits.
The struggling maker of Jeep and Ram is looking for a new CEO to succeed Carlos Taveres .
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