Stellantis Stock Has Worst Day Since 2020 After Automaker Cuts Guidance
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Global car stocks dropped after Jeep maker Stellantis joined Volkswagen and others in cutting earnings forecasts, signaling a worsening industry outlook. Stellantis—which houses brands such as Chrysler, Fiat and Peugeot—and luxury carmaker Aston Martin both cut profitability guidance for the year.