Car stocks got clobbered as the global auto industry is heading for a major fall. There was a flood of announcements from carmakers all over the world this weekend as carmakers are facing very difficult choices. The fallout from the growing reverse will be profound given how important a rising auto market had been up to now.
Eurodollar University's Money & Macro Analysis
Stellantis Updates 2024 Financial Guidance
https://www.globenewswire.com/news-release/2024/09/30/2954870/0/en/Stellantis-Updates-2024-Financial-Guidance.html
Bloomberg Stellantis Cuts Forecasts in Further Blow to Besieged Carmakers
https://www.bloomberg.com/news/articles/2024-09-30/stellantis-cuts-2024-forecast-on-costs-for-us-global-slowdown
Dow Jones Aston Martin shares fall 25% after warning blamed on supply disruptions, China
https://www.morningstar.com/news/marketwatch/2024093033/aston-martin-shares-fall-25-after-warning-blamed-on-supply-disruptions-china
Volkswagen AG updates its forecast for the 2024 financial year
https://www.volkswagen-group.com/en/ad-hoc/volkswagen-ag-updates-its-forecast-for-the-2024-financial-year-18698
The Guardian Volkswagen has ‘a year, maybe two to turn around’, financial chief warns
https://www.theguardian.com/business/article/2024/sep/04/volkswagen-has-a-year-maybe-two-to-turn-around-financial-chief-warns
Bloomberg VW’s Second Profit Warning Exposes a Carmaker in Decline
https://www.bloomberg.com/news/articles/2024-09-30/volkswagen-s-second-profit-warning-exposes-a-carmaker-in-decline
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What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.