PARIS, Sept 30 (Reuters) - Stellantis NV ( STLA ) revised on Monday its guidance downward, citing a deterioration in global industry dynamics and Chinese competition on electric vehicles among other factors. Its adjusted profit margin is now expected to be between 5.5 and 7.0% for the year, down from double digit previously forecast, the company said, adding industrial free...

(Reuters) - British luxury carmaker Aston Martin on Monday warned of lower annual core profit and said it no longer expects to achieve positive free cash flow in the first half, citing supply chain disruptions and weakness in China. The company said it was cutting its 2024 wholesale volumes by about 1,000 vehicles to address the issues. The company is...

MILAN, Sept 30 (Reuters) - Stellantis ( STLA ) has cut its 2024 financial guidance due to performance issues in North America and deterioration in the global dynamics of the industry, the automaker said on Monday. The group said it sees adjusted operating income margin (AOI) between 5.5 and 7% in 2024, down from a previously forecasted double-digit. It added...

BEIJING (Reuters) -China's factory activity shrank for a fifth straight month and the services sector slowed sharply in September, suggesting Beijing will need even more stimulus to hit its 2024 growth target with only three months left in the year. The National Bureau of Statistics (NBS) purchasing managers' index (PMI) released on Monday nudged up to 49.8 in September from...