Stellantis revises guidance downward, citing performance issues, industry dynamics

PARIS (Reuters) – Stellantis NV (NYSE:) revised on Monday its guidance downward, reflecting decisions to significantly enlarge remediation actions on North American performance issues and deterioration in global industry dynamics.

Its adjusted profit margin is now expected to be between 5.5 and 7.0% for the year, down from “double digit” previously forecast, the company said.