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Latest in Jeep maker Stellantis reports 27% drop in sales

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  • Jeep maker Stellantis reports 27% drop in sales

    Stellantis reported a 20% drop in its shipments driven by major slumps in both Europe and North America
    Business - MarketWatch - October 31

  • Dodge maker Stellantis posts 27% drop in revenues, flags progress in slashing U.S. inventories

    Auto giant Stellantis on Thursday reported a 27% decline in third-quarter revenues, but said it was making headway in addressing operational issues like U.S. inventories.
    Business - CNBC - October 31

  • Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

    Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.
    Business - CNBC - November 6
  • Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

    Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

    DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.
    Top stories - NBC News - November 7
  • Stellantis Plans to Cut 1,100 Jobs at U.S. Jeep Plant

    Stellantis Plans to Cut 1,100 Jobs at U.S. Jeep Plant

    Jeep maker Stellantis said it is cutting 1,100 jobs at a U.S. factory as it seeks to reduce high inventory levels that have weighed on its performance.
    Business - The Wall Street Journal - November 7

  • Stellantis hit by sales slide in US and Europe

    Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventory
    World - Financial Times - October 31
  • Stellantis says ‘no plant closures or mass job cuts in Italy’ – report

    Stellantis says ‘no plant closures or mass job cuts in Italy’ – report

    World - Yahoo News - 6 days ago

  • Japanese lift maker Fujitec explores sale to private equity

    Talks with multiple groups including Sweden’s EQT have taken place in recent months
    World - Financial Times - October 30

  • Chinese EV maker BYD's quarterly sales overtook Tesla's for the first time

    The milestone comes amid tough competition in China, the world's largest auto market, as well as higher tariffs on imports of Chinese EVs into the EU.
    Business - CNBC - October 31
  • Volkswagen profit plunges 64% as China sales slide

    Volkswagen profit plunges 64% as China sales slide

    Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gains
    Business - Financial Times - October 30
  • Nissan to lay off thousands of workers as sales drop

    Nissan to lay off thousands of workers as sales drop

    The Japanese car making giant has not yet said where in its global operations the job cuts will be made.
    Top stories - BBC News - November 8

  • Boeing reports $6.1 billion loss as strike takes toll on plane maker

    Boeing reported a massive third-quarter loss, partly due to billions in charges from its airline programs as well as the current strike.
    Top stories - CBS News - October 23

  • Bed maker waited to report defect that killed 1 and injured others

    Canada's Bestar recalled wall beds only after learning of dozens of cases in which its beds detached from the walls, feds say.
    Top stories - CBS News - 3 days ago

  • Vaccine-maker stocks like Moderna, Pfizer drop as Trump picks RFK Jr. to lead HHS

    Shares of vaccine makers lost ground Thursday, hit by news that President-elect Donald Trump was naming vaccine skeptic and former presidential hopeful Robert F. Kennedy Jr. as his pick to lead the ...
    Business - MarketWatch - November 14

  • Coca-Cola CEO says McDonald's E. coli outbreak won't hurt beverage company's sales

    Coca-Cola CEO James Quincey said an E. coli outbreak linked to McDonald's isn't likely to hurt the beverage company's sales at this stage.
    Business - CNBC - October 23

  • Apple and Goldman Sachs ordered to pay more than $89 million for Apple Card failures

    Apple and Goldman Sachs were fined more than $89 million for mishandling consumer disputes of Apple Card transactions, the CFPB said.
    Business - CNBC - October 23
  • September home sales drop to lowest level since 2010

    September home sales drop to lowest level since 2010

    Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units, the slowest pace since October 2010, according to the ...
    Top stories - NBC News - October 23

  • Warren Buffett — worried about impersonators — says he doesn't endorse candidates or investments

    Buffett's actions were triggered in part by a fake political endorsement alerted to him on Meta's Instagram.
    Business - CNBC - October 23

  • Global public debt will hit $100 trillion by year-end, says IMF

    The IMF warned of the risks posed by unsustainable public debt levels.
    Business - CNBC - October 23

  • CDC told McDonald's about potential E. coli outbreak late last week

    Roughly a fifth of McDonald's U.S. restaurants are not selling Quarter Pounder burgers at this time.
    Business - CNBC - October 23

  • 10-year Treasury yield briefly tops 4.25%, hits highest level since late July

    The U.S. 10-year Treasury yield rose again Wednesday as traders digested the latest comments from Fed officials on the trajectory of interest rate cuts.
    Business - CNBC - October 23

  • Watch Ripple CEO Brad Garlinghouse speak live on legal battle with SEC and upcoming election

    Ripple CEO Brad Garlinghouse will speak at DC Fintech Week in Washington, D.C., on Wednesday afternoon.
    Business - CNBC - October 23

  • Abercrombie & Fitch responds to former CEO's sex trafficking arrest, says it will cooperate with law enforcement

    Abercrombie & Fitch said it will cooperate with law enforcement after its former CEO Mike Jeffries was arrested on sex trafficking and related charges.
    Business - CNBC - October 23

  • Tesla investors have a lot of questions for Musk about Trump

    On a forum that Tesla uses to solicit questions from investors ahead of earnings, there are a bunch of questions about Republican nominee Donald Trump.
    Business - CNBC - October 23

  • IBM stock slips on disappointing consulting and infrastructure revenue

    IBM's critical software category performed well due to Red Hat's gains, but the consulting and infrastructure segments pulled down overall results.
    Business - CNBC - October 24

  • Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand

    Revenue for the third quarter grew about 94% year-on-year.
    Business - CNBC - October 24

  • Tim Cook is likely visiting China to bolster support for Apple Intelligence, analysts say

    The CEO met with China's Minister of Industry and Information Technology as well as the heads of some local companies, including China Mobile and Weibo.
    Business - CNBC - October 24

  • Barclays shares hit nine-year high after third quarter profit jumps 23%, beating expectations

    British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.
    Business - CNBC - October 24

  • Southwest Airlines profit tops estimates, company expects higher revenue in fourth quarter

    Southwest said travel demand remains healthy and it expects unit revenue for the fourth quarter to grow 3.5% to 5.5%.
    Business - CNBC - October 24

  • Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl's top the list

    Nike and Kohl's are expecting sales to fall this year, but they remain a top choice among consumers, indicating they must move quickly to not fall out of favor.
    Business - CNBC - October 24

  • Chinese smartphone maker Oppo doubles down on AI, says in regular talks with Google and Microsoft

    As Chinese smartphone company Oppo gears up for a flagship phone launch overseas, it says it has weekly AI talks with Google and Microsoft senior management.
    Business - CNBC - October 24

  • Top 10 things to watch in the stock market Thursday, including news on Nvidia, 3 other Club stocks

    The S&P 500 was trying to break a three-session losing streak.
    Business - CNBC - October 24

  • Air taxi firm Lilium's shares plunge 61% after company says main subsidiaries will file for insolvency

    Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.
    Business - CNBC - October 24

  • Generative AI is onboarding hundreds of employees at a time, better and faster

    Onboarding new employees is a core responsibility of talent leaders. It's increasingly being turned over to AI.
    Business - CNBC - October 24

  • OpenAI disbands another safety team, head advisor for 'AGI Readiness' resigns

    OpenAI is disbanding its "AGI Readiness" safety team, which advised the company on its capacity to handle the outcomes of increasingly powerful AI.
    Business - CNBC - October 24

  • Tesla stock soars 22% for best day in over a decade on Musk's 2025 growth projection

    Tesla shares soared 22% Thursday, the stock's best day in 11 years, following its better-than-expected third-quarter earnings.
    Business - CNBC - October 24

  • Caterpillar’s stock falls as weak equipment sales lead to a rare profit miss

    Caterpillar’s stock fell after a rare profit miss, while revenue was below expectations for a fourth straight quarter.
    Business - MarketWatch - October 30
  • Nintendo’s 1st half sales drop 34% as Switch shows its age

    Nintendo’s 1st half sales drop 34% as Switch shows its age

    Nintendo said sales for the 1st half of 2024 fell 34.1% to $3.43 billion as it saw a slowdown in sales for Nintendo Switch hardware and games.
    Tech - VentureBeat - November 5
  • Amazon's Black Friday sales are here — shop the 27+ best early deals now

    Amazon's Black Friday sales are here — shop the 27+ best early deals now

    Browse the best early Black Friday deals on Amazon, including tech, beauty essentials, kitchen gadgets and more. Shop brands like Dyson, Yeti, Oura and Anker.
    Top stories - NBC News - 6 hours ago
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  • Maker Stellantis Reports
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