Latest in Stellantis Slashes
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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 - 5 days 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 -
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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 inventoryWorld - Financial Times - 5 days 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 AmericaBusiness - MarketWatch - 5 days ago -
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 - 5 days ago -
Hong Kong slashes tax on spirits to boost nightlife
Chinese territory’s chief executive John Lee tries to turn around economy amid fall in tourism and consumptionBusiness - Financial Times - October 16 -
EstéeLauder Shares Plunge 21% After It Slashes Dividend
The cosmetics giant withdrew its outlook for the current year after reporting another quarter of falling sales.Business - The Wall Street Journal - 4 days 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 carsBusiness - Financial Times - October 14 -
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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 2024Business - MarketWatch - October 16 -
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.Top stories - NBC News - October 18 -
Manchester United cuts continue as Sir Alex Ferguson ambassador role slashed
Ex-manager reported to receive more than £2m a year Sir Jim Ratcliffe’s Ineos has cut 250 staff from payroll The latest victim of the Ineos-led economy drive at Manchester United is none other ...World - The Guardian - October 15 -
Harris backs slashing medical debt. Trump's "concepts" worry advocates.
Health care experts are calling on lawmakers — and the next occupant of the White House — to help the millions of Americans grappling with medical debt.Top stories - CBS News - October 17 -
The AI edge in cybersecurity: Predictive tools aim to slash response times
AI's ability to sift through massive amounts of data, identify patterns and constantly learn makes it invaluable in cybersecurity.Tech - VentureBeat - October 20 -
UK to slash overseas aid in Budget as asylum seeker costs rise
International development organisations warn country’s contribution could slump to its lowest level in 17 yearsBusiness - Financial Times - October 22 -
Volvo Cars says it will not support Northvolt as it slashes sales guidance
Swedish group says it will not invest in its battery group partner amid softening demand for vehicles in key marketsBusiness - Financial Times - October 23 -
Volvo Cars slashes outlook citing ‘increasingly volatile environment’
Volvo Cars CEO Jim Rowan said the company is facing slower demand in Europe, the U.S. and China.Business - MarketWatch - October 23 -
Trudeau to slash Canada’s migrant numbers in bid to shore up his government
High living and housing costs prompted public backlash to progressive immigration schemesBusiness - Financial Times - October 24 -
Dropbox slashes 20% of global workforce, eliminating more than 500 roles
Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, according to CEO Drew Houston.Business - CNBC - 6 days ago -
Dropbox slashes 20% of global workforce, eliminating more than 500 roles
Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. The company is in a “transitional period” as its file sync ...Top stories - NBC News - 6 days ago -
Warren Buffett slashes Apple stake as he boosts cash to record high
Berkshire’s stock-selling spree extends for eighth quarter, with $166bn dumped over the periodBusiness - Financial Times - 3 days ago -
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 RomeWorld - 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.Top stories - CBS News - 6 days ago -
‘Terrifier 3’ slashes ‘Joker’ to take No. 1 at the box office, Trump film ‘The Apprentice’ fizzles
Box office was ruled by an ax-wielding clown.Entertainment - ABC News - October 13 -
UK Prime Minister Keir Starmer vows to slash regulatory red tape in bid to boost investment
U.K. Prime Minister Keir Starmer on Monday vowed to slash regulatory red tape to boost anaemic investment in the country.Business - CNBC - October 14 -
Trek Slash+ 9.7 SLX/XT Electric Mountain Bike Review: Oh So Quiet
Trek's newest enduro e-MTB is the most natural-feeling electric mountain bike you may ever ride.Tech - Wired - October 25 -
Eli Lilly stock tumbles after drug giant misses estimates and slashes profit guidance
Skyrocketing demand for weight loss and diabetes drugs has forced Eli Lilly and Novo Nordisk, to invest billions to increase manufacturing capacity.Business - CNBC - 5 days ago
