Several carmakers are grappling with major operational and market challenges. Stellantis is working to address bloated U.S. inventory, with CEO Carlos Tavares admitting operational missteps that hurt margins. Meanwhile, China’s economic slowdown has impacted key players like Volkswagen, Mercedes, and BMW, reducing demand in the critical Chinese market. General Motors faces significant debt, though there are no signs of impending bankruptcy. GM continues managing its financial obligations and has not indicated any plans for bankruptcy, keeping its operations steady amidst broader industry pressures.
Carmakers slashing forecasts… but we’re supposed to believe the economy’s doing great?
Stellantis is sitting on bloated U.S. inventory, cutting margins in half. China’s slowdown is hitting everyone—Volkswagen, Mercedes, BMW.
And GM? $120B in debt. When’s their next bankruptcy?
— Porter Stansberry (@porterstansb) October 2, 2024
A longshoremen strike right before the election? Perfect timing. Cripple the supply chain, add fuel to the inflation fire… and watch the economy stumble even harder.
And when prices spike even more? I’m sure someone will blame "corporate greed" again.
— Porter Stansberry (@porterstansb) October 1, 2024
Sources:
https://apnews.com/article/stellantis-investor-day-1433bdc86b7999e95de61d02cf43ee21
https://finance.yahoo.com/news/stellantis-aims-cut-north-america-143251542.html
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