Stellantis shares are tumbling Monday after the Chrysler and Jeep parent issued a profit warning, noting it is cutting excess North American inventory amid a "deterioration in global industry dynamics ...
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".
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.