Italy’s Stellantis is not doing well, and they apparently think its North American operations haven’t proved to be a good investment. After the official warning today about NA, Stellantis’ stock plunged 13%. There’s a growing chatter about mass layoffs beyond what we heard last week. I’m afraid that we have some really bad times ahead.
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Entire world is a sh*t show.
The UAW going on strike is the biggest favor they can do for Stellantis. They're trying to cut down on excess inventory and these clowns go on strike.
Can someone confirm this for SWX? I don't recall them mentioning target VSP's during last week's TH calls? Or did I miss it?
Did anyone catch the North America SWX session this past monday?
@2rho+1uMNDl7Z it was for ICT
@1ocw+1uMNDl7Z idk it was supposedly all of NA hosted by EN. They said all of North America met the headcount goal going into end of 2024. But globally they still need to reduce headcount.
The town hall from which org?
1brq+1uMNDl7Z
As a whole NA met the target, or just your specific group?
NA town hall this afternoon said NA met the VSP. Globally did not. European layoffs incoming...
this corporation has been in a sh-t show circa beginning of 2024 LMAO
where in the eff have you been?
France is in charge of Italy. Oh boy!
What this country needs is a brand new $100k three year old car .
Take your pick
"After the official warning today about NA, Stellantis’ stock plunged 13%"
Official warning? What in the he-l are you talking about...
No there isn't... the company is aware of what the problem is and new product is coming out that address those problems. NA is the cash cow. And Italy isn't even in charge anymore.