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Citi Maintains Stellantis NV(STLA.US) With Hold Rating, Raises Target Price to $13.33
Stellantis Lowers U.S. Inventory by 100K by End of 2024
Stellantis (STLA.US) aims to reverse its market share of sales in the USA this year.
Antonio Filosa, Chief Operating Officer of Stellantis (STLA.US) for the North American market, stated that the primary goal in the USA this year is to expand its retail market share after several consecutive years of declining sales figures. He noted that Stellantis aims to increase retail sales and market share in the USA this year with the help of a reorganized, USA-focused leadership team by improving relationships with Dealers, including offering additional incentives. He admitted that the company has made many mistakes in recent years by overlooking the importance of the North American market, especially the USA.
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