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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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