Shares in Jeep-maker Stellantis and Britain's Aston Martin tumbled on Monday after both companies joined European rivals in cutting their profit forecasts.

Luxury carmaker Aston Martin's share price sank more than 20% after it said profits will be lower than expected this year. The company, famed for its links to fictional superspy James Bond, has been hit by supply chain issues and falling sales in China.

The Stellantis warning marks a sharp reversal in fortune for the world’s fourth-biggest car manufacturer, raising the pressure on chief executive Carlos Tavares at a time when the company is also launching a search for his successor in 2026.