Carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition
- Stellantis, the world’s fourth largest carmaker, reduced its earnings forecast due to industry challenges and competition from China.
- Stellantis expects a negative cash flow of 5 billion to 10 billion euros, replacing previous positive forecasts.
- The company's first-half net profits dropped by 48% compared to last year, with U.S. Sales down nearly 16%.
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