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.
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.
The moves are an adjustment for many automakers and suppliers that were concerned about the tariffs. Some say the tariff revisions fall short of protecting suppliers.