Trending: Stellantis Cuts Guidance Amid Weaker Demand
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Dow Jones
15:01 ET -- Stellantis is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. The Jeep and Dodge maker lowered earnings guidance and said it would accelerate plans to reduce U.S. inventories amid weaker demand. "Deterioration in the global industry backdrop reflects a lower 2024 market forecast than at the beginning of the period, while competitive dynamics have intensified due to both rising industry supply, as well as increased Chinese competition," the company said. Dow Jones & Co. owns Factiva. (josh.beckerman@wsj.com)
(END) Dow Jones Newswires
September 30, 2024 15:16 ET (19:16 GMT)
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