Stellantis: A EUR130M Bet To Rebuild After A EUR22B Wreck (Rating Upgrade)
Stellantis N.V. is currently facing significant challenges, trading approximately 75% below its peak in early 2024. The company's management recently revised its guidance, projecting over €11 billion in negative free cash flow for FY24. Despite these setbacks, Stellantis is pursuing partnerships, including a collaboration with Dongfeng to produce vehicles for global markets.
- ▪Stellantis is trading about 75% below its early 2024 peak after pandemic-era gains have evaporated.
- ▪The company has shifted its guidance to forecast over €11 billion in negative free cash flow for FY24.
- ▪Stellantis is partnering with Dongfeng to co-produce Jeep and Peugeot vehicles for global markets.
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