Stellantis NV Reports Decline in US Sales and Warns of Possible Factory Closures
Stellantis NV, a multinational automobile and commercial vehicle manufacturer, has reported a decline in its US sales. According to the company’s data, US sales have decreased by 10% despite gains in Jeep and Ram sales.
Key Statistics:
- US sales decline: 10%
- Jeep and Ram sales growth: offsetting the decline in US sales
- European Union emission targets: possible factory closures due to non-compliance
- Italy sales decline: 32.9% in June
Company Performance:
Stellantis is warning of possible factory closures due to European Union emission targets, which could result in hefty fines. The company’s ability to comply with CO2 emission regulations is a concern. Additionally, Stellantis’ sales have declined in Italy, with a 32.9% drop in June.
Stock Performance:
The company’s stock price has been affected by the decline in sales. The recent low was 8.39, and the 52-week high was 21.05.