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Shares 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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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.

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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.

·London, United Kingdom
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RTÉ broke the news in Ireland on Monday, September 30, 2024.
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