STELLANTIS on the BRINK of Disaster in North America?

Stellantis is struggling, and its troubles lie specifically with is North American business – home to Jeep, RAM, Dodge and Chrysler. The spotlight is on Stellantis and it seems like things are getting worse. Their third quarter sales in the U.S. were a disaster, falling 20%. For the year they’re down 17%. And investors are heading for the exits.

Critics—including its own dealers—say the company raised prices too high and too fast, and didn’t focus enough on making good products. Its stock has plummeted.

Jeep and Ram are their most valuable brands. So the fact that Stellantis stated they are going to double down on electric cars that are not selling. Getting rid of all of the high-performance, which they are know for, is a foolish move.

Watch the video to learn more.

Source: https://autos.yahoo.com/stellantis-big-trouble-following-awful-140800813.html
https://media.stellantisnorthamerica.com/newsrelease.do?id=26253&mid=1

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