Shares in Stellantis, which is listed in Milan, plunged yesterday after it published disappointing earnings, while its French rival Renault also tumbled on the back of the wider concerns despite reporting record profitability.
Stellantis, a 14-brand group that also includes Alfa Romeo, Chrysler, Dodge and Maserati, said net profit in the first six months of the year had been almost halved to €5.6bn (£4.72bn) for the first half of the year.
Its sales fell 14% to €85bn, and were hit by a downturn in Europe and particularly in North America.
Nissan said its operating profit had collapsed 99% to 995m yen (£5.03m) in the three months to 30 June, with worldwide sales flatlining at just under 800,000.
This story is from the July 26, 2024 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 26, 2024 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Prendergast plays hero in Ireland's historic triumph
Ireland secured their first Twenty20 win against England yesterday, completing a record run chase off the penultimate ball after Mady Villiers attempted to force a run-out, missed the stumps and allowed the two Irish batters to run an overthrow.
British hopes end with double defeat to Canada
Dan Evans and Jack Draper fall to straight-sets losses in front of record home crowd.
Set-piece killer Jover part of mania for detail that separates the Gunners from Tottenham
Yes, well, of course that was going to happen. Ange Postecoglou has a particular manner on the touchline, a way of standing in the same spot for long periods of time, fists bunched in his pockets, a little hangdog and sad, like a long-suffering dad at sports day.
Explainer What the charges against City mean
As an independent commission prepares to assess the 115 charges, here is everything you need to know
Barnes' blast sinks stumbling Wolves as Howe calls for 'unity'
If there is a civil war raging in the background, it seems to be suiting Newcastle very well.
Piastri edges Baku battle as Norris closes on Verstappen
Engrossing and impossibly tense, Formula One might consider itself flattered if the final third of this season delivers with the same compelling drama as the Azerbaijan Grand Prix.
In the running Coe faces almighty fight to become IOC president - but write him off at your peril
While most Britons were demolishing the last of the Christmas turkey in 1979, Sebastian Coe ran 14.4 miles up the Derwent Valley, defying everything that nature and the elements dared to throw at him.
Airport expansion Operators hope plans will fly with pro-growth Labour
The younger, tormented minister considering his position before the Labour government granted Heathrow's third runway in 2009 might have been greatly relieved to know that, 15 years later, not a shovel would have touched the ground.
England's north-south gap in rents shrinks to 11-year low
The gap in rents paid by those in the north and south of England has closed to its lowest level in at least 11 years, figures show.
Fight drown as epic’ floods sweep central and eastern Europe
Eight people have drowned in Austria, Poland and Romania with four others reported missing in the Czech Republic as Storm Boris continues to lash central and eastern Europe, bringing torrential rain and floods that have forced thousands of people to evacuate their homes.
