Previous close | 0.0500 |
Open | 0.0500 |
Bid | 0.0500 |
Ask | 0.1000 |
Strike | 22.00 |
Expiry date | 2025-01-17 |
Day's range | 0.0500 - 0.0500 |
Contract range | N/A |
Volume | |
Open interest | 5.06k |
Investing.com -- Shares in automaker Stellantis (NYSE:STLA) fell Thursday after the company’s CEO Carlos Tavares reaffirmed that the company's dividend and share buyback program will remain intact for 2024. However, he did not dismiss the possibility of adjustments in 2025, as investors grow concerned that the automaker's financial difficulties could affect future distributions.
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MILAN/SOCHAUX, France (Reuters) -Stellantis CEO Carlos Tavares on Thursday left the door open for possible cuts to its dividend and share buybacks next year and brushed off problems with its U.S. business that led to a major profit warning this week as a "small operational error". Speaking during a factory visit in eastern France, Tavares said the company had operational difficulties in the U.S. but they would be fixed well before his contract ends in 2026. Shares in the owner of the Chrysler, Jeep, Fiat, Citroen and Peugeot brands have tumbled more than 55% since March, the worst performance among European autos stocks and slashing 47 billion euros ($52 billion) off the company's valuation.