Stellantis shares plunge as carmaker follows Volkswagen in warning on profits
- Posted on September 30, 2024
- By CNN
- 3 Views
Stellantis shares plunge as carmaker follows Volkswagen in warning on profits
Shares in Chrysler parent Stellantis plunged almost 14% in Milan Monday after the Italian-American carmaker slashed its forecasts for full-year profitability and cash flow, citing weaker global sales and increased competition from Chinese rivals.
