Just like many other car manufacturers, the giant Stellantis is flagging that the profit will be worse than expected. The profitability, measured as the operating margin, is estimated to land between 5.5 and 7.0 percent this year, compared to the previous estimate of a two-digit margin.
The reason is, among other things, a general downturn in the global car industry, according to the company management.
Stellantis' brand portfolio includes, among others, Peugeot, Opel, Citroën, Fiat, and Chrysler.
In addition to Stellantis' warning, luxury car manufacturer Aston Martin has also issued a profit warning. The company now estimates that the number of delivered cars during the current year will decrease by what is referred to as "a high single-digit percentage" compared to the previous year.
