Stellantis Faces Slower Market With Cost Cuts Close to Limit
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A 2024 Jeep Gladiator Rubicon SUV.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Stellantis NV’s push for cost cuts is coming up against limitations just at the wrong time.
After a round of executive departures and manufacturing savings, Chief Executive Officer Carlos Tavares may find it harder to go much deeper with cost reductions. That’s bad news with the auto market slowing, and shares in the Jeep maker have dropped 15% since management slipped a profit warning into a quarterly call in April.