Stellantis has been sued by shareholders in the United States who said the European-American auto maker defrauded them by concealing rising inventories and other weakness, before posting disappointing earnings that caused its stock price to fall.
Stellantis also said adjusted operating income margin had fallen below its double-digit full-year target. Stellantis was created in 2021 from the merger of Fiat Chrysler and France’s PSA. Its 14 brands include Alfa Romeo, Citroen, Dodge, Jeep, Maserati, Opel, Peugeot, Ram and others.
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