I wish there was good news for Stellantis, but they've been hit hard by all sorts of issues. Other automakers don't seem immune, either, though. It seems like the auto market has gotten a bit soft overseas.
Stellantis Guidance Was So Bad, Ford and GM Stocks Get Crushed - Barron's (barrons.com)
STLA | Stellantis N.V. Stock Overview (U.S.: NYSE) | Barron's (barrons.com)
Toyota and Honda down 7% in one day, in Japan.
7203 | Toyota Motor Corp. Stock Overview (Japan: Tokyo) | Barron's (barrons.com)
7267 | Honda Motor Co. Ltd. Stock Overview (Japan: Tokyo) | Barron's (barrons.com)
It'll be interesting to see if the dockworkers' strike has a large impact on the market. Let's be honest, it's been due for a pullback regardless.
Helene took a whole lot of cars out of service last week, but I expect most of the impact to be on the used market. Probably a drop in the bucket when it comes to worldwide demand though.
I heard a video mention "the big 3 automakers" the other day, and it struck me at how out of date that term is. I think of that as Ford, GM, and Chrysler, but the reality is that Toyota, VW, Kia/Hyundai are the big three now. Even if you mean domestic automakers, Ford and GM are certainly up there, but Chrysler is an Italian brand now and is killed by Tesla, a US brand. Honda and and Toyota both outsell it by a wide margin, and they both build cars here. I guess its like my mother telling me to put things in the icebox, an outdated term but we know what she means.
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