Untitled Story | HT Auto

Stellantis, the carmaker behind brands like Jeep, Peugeot, and Fiat, faced challenges in the global car market and increased competition from China, leading to a revised operating margin forecast for 2024. Sales fell 27% in the third quarter, with difficulties in North America and Europe. Despite lower vehicle deliveries and revenue drops in North America, the company is making efforts to reduce US stocks and launch new models to boost sales. Despite a tough market environment, Stellantis remains optimistic about its future growth and plans to pay dividends to shareholders next year.