Stellantis hits up to 15% on stock market with 'profit warning'

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Stellantis hits up to 15% on stock market with 'profit warning'

European car companies have been unable to stem the wave of 'profit warnings' rocking the sector. The recent sales of Mercedes and BMW are now supplemented by the sales of Volkswagen and Stellantis, the protagonists of the most famous collapses of our time.

The automotive sector has been on the rise -20% your negative differentialin terms of profitability, compared to all European equities so far in 2024. The current alone shows an average correction of close to 4% across European stock markets.

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