Stellantis Hit Sales

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 - 5 hours ago

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 - 2 hours ago

Chrysler and Jeep maker sees North American deliveries dive 36%

Europe’s largest car manufacturer Stellantis reported a 20% drop in shipments and a 15% drop in sales in the third quarter of 2024

Business - MarketWatch - October 16

Brewers hit by flagging sales in China

Carlsberg and AB InBev report declining volumes in important market

Business - Financial Times - 2 hours ago

Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto market

Business - Financial Times - 5 days ago

Biogen’s stock hit by soft sales of Alzheimer’s treatment

“We continue to see momentum with ongoing product launches and we are increasingly excited about the potential of our pipeline,” the company’s CEO said.

Business - MarketWatch - 21 hours ago

EU markets watchdog pushes for extra cyber defences in new crypto rules

Esma asks for amendment to tighten regulation with demand for external audits of defences against hackers

World - Financial Times - October 16

How big is ‘big enough’ for China’s stimulus?

Some estimates and theories

World - Financial Times - October 16

U.K. government bond yields hit 2024 highs as traders balk at increased debt sales

Benchmark U.K. bond yields hit their highs of the year on Thursday as investors balked at the increased borrowing set out in the government’s budget.

Business - MarketWatch - 59 minutes ago

Stellantis Car Deliveries Slump on U.S. Woes

Stellantis vehicle deliveries fell 20% in the third quarter as the Jeep and Ram-maker began to take measures to address excess inventory in the U.S.

Business - The Wall Street Journal - October 16

Stellantis workers march in Italy over production slump

World - Yahoo News - October 18

Stellantis Says Moving Quickly to Cut U.S. Inventories

Stellantis said third-quarter group shipments fell 20% on the year as the company works to reduce the number of cars stocked at U.S. dealers and as it suffered from gaps in its product line-up ...

Business - The Wall Street Journal - 2 hours ago

Stellantis boss warns long EV transition poses cost ‘trap’ for carmakers

Carlos Tavares says industry will suffer from prolonged period of investing in both traditional engines and battery-powered cars

Business - Financial Times - October 14

Stellantis boss sees possible plant closures amid Chinese competition

World - Yahoo News - October 14

Stellantis Expands Mexico Factory to Build More Ram Pickups Outside the U.S.

Such a step by the automaker would threaten its already-frayed relationship with the UAW, which has criticized moves to cut U.S. jobs.

Business - The Wall Street Journal - October 15

Stellantis Issues Global Recall for 44,500 SUVs With Brake Pedal Defect

Affected vehicles include some 2024 through 2025 model-year Alfa Romeo Tonale plug-in hybrid SUVs and some 2024 model-year Dodge Hornet plug-in SUVs.

Business - Inc. - October 17

Stellantis to shutter and sell large testing facility amid cost-cutting efforts

Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.

Business - CNBC - October 18

Stellantis to sell, shutter large testing facility amid cost-cutting efforts

DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.

Italian autoworkers go on strike, as troubled Stellantis faces pressure over production plans

Workers in Italy’s troubled automotive sector are holding a national strike for the first time in 20 years, with a massive demonstration crossing the center of Rome

World - ABC News - October 18

Stellantis recalls nearly 34,000 Ram 1500 pickups over damaged wheel hub

Damaged wheel hub encoder ring could disable vehicle's electronic stability control system, increasing crash risks.

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 - 4 hours ago

Corporate Germany is on sale

German companies have become relatively small and relatively cheap

World - Financial Times - October 18

Mattel Lowers Sales Outlook After Barbie Sales Weigh

The toy company’s profit, however, is holding up due to stronger margins, helped by factors such as cost cuts, supply-chain improvements and lower input costs.

Business - The Wall Street Journal - October 23

How to Turn a Sales Blunder Into a Win

With two decades in sales behind him, Pushly CEO Brendan Ripp has plenty of advice.

Business - Inc. - October 14

Starbucks Shares Drop After Dismal Preliminary Quarterly Earnings

“We need to fundamentally change our strategy,” the coffee giant’s new chief executive said.

Business - The New York Times - October 23

Roche Increases Dividend on Higher Sales

Roche said it would increase its dividend after its hemophilia injection Hemlibra and multiple sclerosis treatment Ocrevus lifted sales in the first nine months of the year.

Business - The Wall Street Journal - October 23

Don’t Overlook This Sales-Growth Superpower

Inc.’s editor-in-chief reveals the channel that powers many of the fastest-growing companies in America.

Business - Inc. - 6 days ago

Boeing Explores Sale of Space Business

New CEO seeks buyers for Starliner and other NASA projects in quest to rescue manufacturer.

Business - The Wall Street Journal - 5 days ago

AB InBev Misses Sales Expectations

Budweiser brewer Anheuser-Busch InBev posted sales volumes that fell by more than analysts had expected, dragged by a weak consumer backdrop in China and Argentina.

Business - The Wall Street Journal - 7 hours ago

Boeing takes a hit

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Boeing posts $6B loss ahead of union vote On Wednesday morning, Boeing reported ...

Politics - The Hill - October 23

Massive and historic autograph book up for sale

Joseph F. Mikulec spent years walking hundreds of thousands of miles to collect some 50,000 signatures, featuring everyone from presidents and prime ministers to local shopkeepers. The book, which ...

Coty Joins Competitors in Warning of Beauty Sales Slowdown

The cosmetics company, whose portfolio of brands includes Max Factor and Lancaster, on Monday said retailers are tightening their inventories as mass beauty sales continue to see slow growth ...

Business - The Wall Street Journal - October 14

Holiday Sales Growth Expected to Normalize to Prepandemic Levels

Despite shoppers’ election-year concerns and worries about the economy, retail executives predict sales to increase as much as 3.5 percent over last year’s holiday season.

Business - The New York Times - October 15

LVMH stock falls on slumping luxury sales in China

LVMH Moët Hennessy Louis Vuitton said a slowdown in Chinese spending had hit its third quarter sales