Stellantis warns on profit, citing China rivals, higher costs | REUTERS

Stellantis NV slashed its annual forecasts and said it would burn through more cash than expected, citing worsening trends in the industry, higher costs to overhaul its US business and Chinese competition on electric vehicles. #News #stellantis #automobile #chineseev #Reuters #Newsfeed Read the story here: https://reut.rs/4dxh9Ka 👉 Subscribe: http://smarturl.it/reuterssubscribe Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en