​Aston Martin Crashes, Stellantis Slides As Auto Slowdown Worsens For European Carmakers – Tyler Durden

Aston Martin Crashes, Stellantis Slides As Auto Slowdown Worsens For European Carmakers Volkswagen, Mercedes, and BMW have all slashed their forecasts this month, with Aston Martin and Stellantis following suit on Monday morning. The broader picture reveals that the European auto industry has stalled.  Aston Martin wrote in a statement Monday that it expects annual adjusted earnings before interest, taxes, depreciation and amortization margin in the high teens percentage, compared with a previous outlook of around 20s percentage.  The British luxury sports car maker anticipates wholesale volumes will decline for the full year versus its prior growth expectation. The good news is the level of hemorrhaging cash in the first…  — Continue at ZeroHedge News : Read More