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    Manufacturers/End Users

    September 30, 2024

    Stellantis lowers 2024 guidance on weak N. American market

    Written by Ethan Bernard

    Netherlands-based automaker Stellantis has lowered its guidance for 2024 due to woes in the North American market and weakening industry dynamics worldwide.

    The automaker, which has significant operations in the US, said it has accelerated its North American inventory right-sizing plan. It is now targeting no more than 330,000 units of dealer inventory by year-end 2024 vs. a previous target of Q1’25.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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