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Stellantis dives 15% on stock market after estimates cut

Stellantis dived 15% on the Milan stock market Monday after cutting its estimates for the year.

The share price fell to 12.36 euros, reaching a new low since July 21, 2022.

Volkswagen (-2.57%) and BMW (-2.64%) slid for the same reason, with a domino effect that also affected Renault (-6.27%).

The latter has been mooted by press rumours as the protagonist of a possible merger with Stellantis.

Source: Ansa News Agency