Automakers

Stellantis cuts 2024 forecast on costs for U.S., Chinese competition

Stellantis sign
(REUTERS)
fw
By:
from wire reports
September 30, 2024 06:52 AM

Stellantis cut its profit margin forecast for the year, citing higher costs to revive its struggling Jeep and Dodge businesses in the U.S., Chinese competition and a global slowdown in the auto industry.

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