Shares in European auto giant Stellantis, whose brands include Jeep, Fiat and Peugeot, sank Monday after the group cut its annual profit outlook, citing deteriorating "global industry dynamics".
Shares of Stellantis fell after the Chrysler owner warned of shaky demand in the car market and cut full-year earnings guidance. The stock was down 13% at $13.93 in premarket trading, putting it on ...
Global car stocks dropped after Jeep maker Stellantis and U.K. luxury carmaker Aston Martin joined Volkswagen and others in cutting earnings forecasts, signaling a worsening industry outlook.