Vauxhall owner Stellantis’ profits tumble by 70% as Aston Martin delay electric car – The Sun

The challenges facing the car industry in its transition to electric were highlighted by profit losses at Vauxhall owner Stellantis and delays in the launch of Aston Martin’s battery-powered motor. Stellantis faced a 70% drop in net profits, while Aston Martin reported losses and a shift towards hybrid models. The industry is also facing production line reductions and pressure to meet zero-emission vehicle mandates, with hopes for government support in adjusting targets.

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