US EditionShares in automakers Stellantis and Aston Martin skid on profit warnings
- Aston Martin's share price dropped over 20% after announcing lower than expected profits due to supply chain issues and declining sales in China.
- Stellantis and Aston Martin shares fell as both companies cut profit forecasts, joining other European automakers.
- The difficulties at Stellantis and Aston Martin highlight broader issues in the European car industry, including rival companies like Volkswagen and Mercedes-Benz also revising forecasts.
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31 Articles
31 Articles
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.
·United Kingdom
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Total News Sources31
Leaning Left2Leaning Right0Center10Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
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