Shares in automakers Stellantis and Aston Martin skid on profit warnings

Shares in automakers Stellantis and Aston Martin skid on profit warnings

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Shares in Stellantis, Aston Martin skid on profit warnings

Shares in Jeep-maker Stellantis and Britain's Aston Martin tumbled on Monday after both companies joined European rivals in cutting their profit forecasts.

Aston Martin warns over profits amid production woes

The British group said it would make around 1,000 fewer cars than first planned in 2024 after being hit by delays to car parts.

Stellantis and Aston Martin blame weaker China demand for profit warnings

European carmakers hit hard by competition from cheaper Chinese rivals

Aston Martin drops 28% after profit warning on supply chain, China woes

Aston Martin warned of lower annual profit and cut its production forecast on Monday on supply chain challenges and dogged weakness in China, sending shares as much as 28% lower and raising questions around its future ambitions.

Aston Martin and Stellantis shares slump after profit warnings

The company, famed for its links to James Bond, has been hit by falling sales in China.