Reported 7 days ago
European car manufacturers, including Stellantis and Volkswagen, have issued profit warnings due to decreasing demand and increasing costs, particularly in China and the U.S. The challenges faced include a potential trade war, falling sales in the EU, and stiff competition from Chinese automakers. Share prices have plummeted, with Stellantis recently experiencing a significant drop as it adjusts its profit margin forecasts amid declining vehicle sales and high inventories.
Source: YAHOO