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{"id":91690,"date":"2024-09-30T10:51:00","date_gmt":"2024-09-30T10:51:00","guid":{"rendered":"https:\/\/financeworld24.com\/vauxhall-owner-warns-on-profits-amid-falling-sales-and-tougher-chinese-competition\/"},"modified":"2024-09-30T10:51:00","modified_gmt":"2024-09-30T10:51:00","slug":"vauxhall-owner-warns-on-profits-amid-falling-sales-and-tougher-chinese-competition","status":"publish","type":"post","link":"https:\/\/financeworld24.com\/vauxhall-owner-warns-on-profits-amid-falling-sales-and-tougher-chinese-competition\/","title":{"rendered":"Vauxhall owner warns on profits amid falling sales and tougher Chinese competition"},"content":{"rendered":"
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The owner of Vauxhall, Fiat and Peugeot has issued a profit warning, blaming a hit to sales from a deterioration in the global automotive market and increased competition from Chinese rivals.<\/p>\n
Stellantis shares plunged by 14% on Monday after it said it expected profit margins to be between 5.5% and 7% for the year, down from the previous forecast of double-digit growth.<\/p>\n