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Stellantis CEO warns turnaround will take time after weak quarter

Stellantis CEO warns turnaround will take time after weak quarter

By Giulio Piovaccari MILAN, July 30 (Reuters) - Stellantis CEO Antonio Filosa cautioned that a major strategic overhaul would take time to bear fruit after the world's No. 4 automaker reported weaker-than-expected second-quarter results on Thursday, knocking its shares.
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Jeep-maker Stellantis Q2 profit miss stirs doubts about Filosa revival plan

Jeep-maker Stellantis Q2 profit miss stirs doubts about Filosa revival plan

By Giulio Piovaccari MILAN, July 30 (Reuters) - Stellantis' operating income missed analyst expectations in the second quarter, sending shares lower, as investors seek stronger evidence that CEO Antonio Filosa's turnaround of the Jeep maker is paying off.
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Stellantis profit miss stirs doubts over carmaker's revival plan

Stellantis profit miss stirs doubts over carmaker's revival plan

By Giulio Piovaccari MILAN, July 30 (Reuters) - Stellantis missed expectations for quarterly operating income, sending its shares lower, as investors seek stronger evidence that CEO Antonio Filosa's turnaround of the Jeep maker is paying off.
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Pickup truck profits highlight growing divide among global automakers

Pickup truck profits highlight growing divide among global automakers

By Nick Carey LONDON, July 30 (Reuters) - From Fiat to Ferrari, results on Thursday highlighted a growing gap between the carmakers raking in cash by selling gas-guzzling pickups to Americans and those struggling to compete with Chinese rivals in a world that is slowly embracing electric.
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Stellantis operating income more than triples in Q2, driven by North America

Stellantis operating income more than triples in Q2, driven by North America

MILAN, July 30 (Reuters) - Stellantis said on Thursday its operating income more than tripled in the second quarter, driven by strong revenue growth in North America, helping the automaker generate €1 billion ($1.15 billion) in industrial free cash flows.
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Renault swings to profit on EVs despite rise of Chinese rivals

Renault swings to profit on EVs despite rise of Chinese rivals

By Gilles Guillaume PARIS, July 29 (Reuters) - Renault posted a 9.4% rise in first-half revenue on Wednesday and swung back to profit thanks to strong electric vehicle sales, as it withstood growing pressure from incumbent rivals and Chinese newcomers on car prices across Europe.
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Exclusive-Ford CEO tells employees Chinese automakers could enter US market in next decade

Exclusive-Ford CEO tells employees Chinese automakers could enter US market in next decade

By Nora Eckert DETROIT, July 30 (Reuters) - Ford CEO Jim Farley told employees in a town hall on Thursday that the company is preparing for the possibility that Chinese automakers could enter the American market in the next five to 10 years, even though the country has erected numerous trade
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Chinese carmakers piling pressure on UK rivals, auto industry chief says

Chinese carmakers piling pressure on UK rivals, auto industry chief says

By Muvija M LONDON, July 30 (Reuters) - A wave of Chinese entrants into Britain's car market is piling pressure on traditional manufacturers, forcing them to offer deeper discounts to compete with lower-cost imports, the head of the country's main automotive industry body said on Thursday.
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Ford joins GM in raising profit outlook as wealthy buyers keep truck demand humming

Ford joins GM in raising profit outlook as wealthy buyers keep truck demand humming

By Nora Eckert DETROIT, July 28 (Reuters) - Ford Motor on Tuesday raised its annual profit outlook for a second time this year, following rival GM's move last week, citing "resilient" customers who are buying the company's pricey pickup trucks.
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Ford lifts annual guidance, citing strong pricing and 'resilient' consumer

Ford lifts annual guidance, citing strong pricing and 'resilient' consumer

By Nora Eckert DETROIT, July 28 (Reuters) - Ford Motor on Tuesday lifted its annual guidance for a second time this year, to $10 billion to $11 billion in earnings before interest and taxes, citing strong pricing and improvements in its core business. 
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China slump hits BMW's earnings, prompting restructuring call

China slump hits BMW's earnings, prompting restructuring call

By Rachel More BERLIN, July 30 (Reuters) - A severe slump in Chinese sales and the hit to consumer sentiment from the Middle East dealt a blow to BMW's earnings in the second quarter, the company said on Thursday, pledging deeper cuts to steel itself against tough competition.
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Stellantis sells car-sharing business as CEO Filosa focuses on core auto-making

Stellantis sells car-sharing business as CEO Filosa focuses on core auto-making

MILAN, July 28 (Reuters) - Stellantis has agreed to sell its Free2move car-sharing unit to German investment company Mutares, the automaker said on Tuesday, as CEO Antonio Filosa continues efforts to sharpen the group's focus on its core vehicle production.