Were Stellantis N.V. Investors Sold a Lemon?

Stellantis designs, engineers, manufactures, distributes, and sells such well-known vehicle brands as Maserati, Alfa Romeo, Jeep, Dodge, Ram, Chrysler, Fiat, Peugeot, and Vauxhall, but shareholders claim they were sold a lemon. The wheels came off in July 2024, when Stellantis announced its first half 2024 financial results, which included a fourteen percent drop in net revenues and a whopping forty-eight percent drop in net profits. Analysts and the market reacted quickly, and the price of Stellantis’ common stock declined dramatically. Shareholders have filed a class action lawsuit seeking damages for the money they lost as a result of Stellantis’ misinformation. See more here.