Stellantis slashes forecasts, facing slump, Chinese competition

MILAN, Italy: Stellantis, the world's fourth-largest carmaker, has cut its earnings forecast, citing challenges from a struggling industry, rising competition from China, and efforts to revitalize its U.S. operations.

The company said it is expediting plans to stabilize its North American market, aiming to reduce dealer inventory levels to no more than 300,000 vehicles by the end of this year-earlier than the fi