( ) -q-20- UNDATED (Correspondent Jeremy House) “markets except Asia.” Automaker Stellantis says that the autoworkers strike in North America is expected to cost the company around 750 million euros in profits — less than its North American competitors. [CutID: <Cuts> STELLANTIS-STRIKE-LOSS-house-q-TUEam.mp3 Time: 20s Title: STELLANTIS-STRIKE-LOSS-house-q-TUEam Out-cue: markets except Asia] TAG: Correspondent Jeremy House reporting. […]
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Stellantis expects strike to cost it 750 million euros in Q3 profits
( ) -q-20- UNDATED (Correspondent Jeremy House) “markets except Asia.”
Automaker Stellantis says that the autoworkers strike in North America is expected to cost the company around 750 million euros in profits — less than its North American competitors.
[CutID: <Cuts> STELLANTIS-STRIKE-LOSS-house-q-TUEam.mp3
Time: 20s
Title: STELLANTIS-STRIKE-LOSS-house-q-TUEam
Out-cue: markets except Asia]
TAG: Correspondent Jeremy House reporting. Stellantis’s Chief Financial Officer Natalie Knight told journalists that Stellantis’ strike impact was lower than the other Big Three automakers due to its global profile as well as some high-profile cost-cutting measures.
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VERBATIM: The Europe-based maker of Jeep, Fiat and Peugeot reported a 7% boost in net revenues to 45.1 billion euros. Production halts caused by the strikes cost the company 3 billion euros in sales through October. The net revenue boost was due to higher volumes in all markets except Asia.