Dabbie Davis   Feb 15, 2024   

Stellantis targets double-digit profit margins in 2024, despite facing higher labor costs in North America. A 10% fall in operating profit during the latter half of 2023, mainly due to strikes at its key profit-generating North American facilities, challenges its outlook. Meanwhile, Stellantis revealed potential job cuts at its Warren Truck Assembly Facility, adding to the firm's strategic adjustments amid industry upheavals.