"Doghouse Is Back!": Stellantis CFO Instructs Staff To Take "Drastic Measures" To Conserve Cash [zero hedge]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: zero hedge
"Doghouse Is Back!": Stellantis CFO Instructs Staff To Take "Drastic Measures" To Conserve Cash Volkswagen, Mercedes, Aston Martin, and BMW have all recently slashed their forecasts. The broader economic landscape for Western automobile companies is dire as high interest rates crush demand, EV programs hemorrhage cash, and demand in China wanes. Many Western firms are plagued with de-growth climate change policies that muzzle economic output or make the manufacturing process way too expensive, ultimately giving Chinese firms an unfair advantage in global markets. Expanding our coverage on automaker Stellantis, a new report from Wall Street Journal journos on Friday reveals a leaked email from Stellantis Chief Financial Officer Natalie Knight, who informed her team of white collar workers about the need to take "drastic measures" to shore up the Jeep and Ram parent's finances. Knight told her team, "The Doghouse is back!" As she explained, this belt-tightening initiative involves heavi
Show less
Read more
Impact Snapshot
Event Time:
STLA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
STLA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
STLA alerts
High impacting Stellantis N.V. Common Shares news events
Weekly update
A roundup of the hottest topics
STLA
News
- Stellantis files lawsuit against UAW over threats to strike [Yahoo! Finance]Yahoo! Finance
- Stellantis sues UAW in US federal court over strike threats [CNN]CNN
- Stellantis files lawsuit against UAW, claiming union does not have right to authorize mid-contract strike [CBS News]CBS News
- Stellantis sues UAW in US federal court over strike threats [CNN]CNN
- STLA Investors Have Opportunity to Lead Stellantis N.V. Securities Fraud LawsuitPR Newswire
STLA
Sec Filings
- 10/3/24 - Form 6-K
- 9/30/24 - Form 6-K
- 9/23/24 - Form 6-K
- STLA's page on the SEC website