Stellantis Lowers Profit Forecast Amid North American Challenges
Stellantis, the parent company of Opel, has reduced its profit forecast for 2022 due to significant issues in the North American market and a general industry downturn. The conglomerate, which includes brands like Peugeot, Citroën, Fiat, and Jeep, typically generates most of its profits from large SUVs and pickups in North America. The disappointing half-year results have led CEO Carlos Tavares to revise the profit margin to 5.5-7.0%. This mirrors actions by other automakers such as Mercedes-B..
