此消息一出，Stellantis在巴黎证交所的股票价格暴跌超过8%，跌至2022年12月以来的盘中最低水平。① European auto manufacturers are struggling to cope with the slowdown in demand, with Stellantis slashing its profit forecast for the year on Monday; ② Stellantis pledged to take more aggressive actions to normalize car supply, including clearing inventory, reducing production, and increasing incentive measures.
Funds联社September 30 news (Editor Zhou Ziyi) Due to the gradual slowdown of the automotive market, one of the three major European car companies, Stellantis NV, significantly lowered its profit forecast for the year, citing the company's plans to cut production and increase promotional efforts.
In a statement on Monday (September 30), the company said that this year's adjusted operating margin is expected to decline to 5.5%-7%, lower than the two-digit percentage previously forecast; Stellantis also expects free cash flow to be between negative 5 billion euros (equivalent to 5.6 billion US dollars) and negative 10 billion euros, compared to the previous forecast of positive cash flow.
Following this news, Stellantis' stock price on the Paris Stock Exchange plummeted more than 8%, hitting the lowest level since December 2022.
Successive setbacks
Due to sluggish sales and increasing competition from Chinese rivals, European auto manufacturers have faced successive setbacks in the near term. As consumers shift to electric vehicles, traditional car makers are struggling to cope with the slowdown in demand, forcing them to take measures such as layoffs and plant closures. They also face escalating trade tensions and potential fines of billions of euros under next year's EU green regulations.
Recently, a series of automakers including Volkswagen, BMW, and Mercedes-Benz have successively lowered profit expectations, with Stellantis being the latest automaker to adjust profit expectations.
For example, Volkswagen has already issued profit warnings for the second time in three months. Volkswagen investors, dealers, and unions are all warning of declining sales, outdated model lineups, and bloated inventories.
Stellantis now pledges to take more aggressive actions to normalize auto supplies, aiming to have dealer inventory not exceed 0.33 million vehicles by the end of this year, ahead of the previous target of the first quarter of 2025.
Additionally, the manufacturer's goal is to reduce production by 0.2 million vehicles in the second half of the year (twice as much as the previous planned reduction), and increase incentive spending to help achieve the target.
