rallied to record highs Thursday for the fourth day in a row. The S&P rose 0.23%, while the Nasdaq added 0.34%. Following a pattern this week, the Dow Jones Industrial Average underperformed and slipped 65.11 points, or 0.17%. Aside from the Dow, markets were boosted by another piece of data showing signs of inflation pressures cooling.
He said Thursday, after the company's investor day, that Stellantis faced three problems: not selling down vehicle inventory fast enough, manufacturing issues and a lack of "sophistication in the way to go to market." Executives laid out plans for how they hope to achieve ambitious financial targets despite uncertainty in the industry and economy. Tavares also said Stellantis has achieved 8.4 billion euros in cost reductions since the company was formed by a merger in January 2021.
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