Stellantis and Aston Martin shares drop sharply after profit warnings amid China woes
Publishing timestamp: 2024-09-30 07:17:21
Summary
Stellantis and Aston Martin issue profit warnings due to challenges in the auto industry, particularly in China. Volkswagen also slashed its annual outlook. European carmakers are struggling with the shift to electric vehicles and competition from Chinese automakers.
Sentiment: NEGATIVE
Tickers: STLA,
Keywords: business news, economy, china, stellantis nv, autos, breaking news: europe, markets,
Source: https://www.cnbc.com/2024/09/30/dodge-maker-stellantis-drops-profit-warning.html