Stellantis Faces Challenges Ahead as Profits Plummet by 70%

Stellantis, the multinational automotive manufacturing corporation formed from the merger of Fiat Chrysler Automobiles and PSA Group, has recently issued a cautious outlook following a staggering 70% drop in its profits for the last fiscal year. Analysts have expressed concerns over a combination of market volatility, supply chain challenges, and shifting consumer preferences, which have all contributed to the manufacturer’s struggles.

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