Problems in the highly competitive U.S. car market ranging from weak prices to high inventories and difficult logistics dented profits and hit shares of automakers Stellantis and Nissan on Thursday, as they scramble to find a fix. Shares in Milan-listed Stellantis were down 8% by 0900 GMT after hitting their lowest in almost a year. Nissan was down 7%, sending the stock of its French alliance partner Renault down as well despite it posting a first-half profit that beat estimates.
Despite climate-friendly plans, the government’s controversial decision to take over the pipeline made it one of world’s biggest promoters of fossil fuel projects
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