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Stellantis Stock Plummets 13% After Profit Warning

Stellantis shares are tumbling Monday after the Chrysler and Jeep parent issued a profit warning. Stellantis (STLA) shares plunged 13% on Monday after the Chrysler and Jeep parent issued a profit warning, driven by excess North American inventory and intensifying competition from Chinese automakers. The company revised its fiscal 2024 adjusted operating income margin to…

ByPexecoSeptember 30, 20240Comments

Stocks

EU Reduces Import Duties on Tesla’s China-Made EVs

The European Commission has significantly reduced the import duty on Tesla vehicles manufactured in China, potentially paving the way for a surge in sales across the region. Chinese EV exports to the EU experienced a sharp decline in response to the proposed tariffs. The EU has slashed an additional tariff on Tesla electric vehicles (EVs)…

ByPexecoAugust 21, 20240Comments

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Stellantis Stock Plummets 13% After Profit Warning

EU Reduces Import Duties on Tesla’s China-Made EVs