Stellantis N.V. (STLA) , the multinational automaker born out of the 2021 merger of PSA Peugeot and Fiat Chrysler, has become the latest European car manufacturer after Volkswagen (VWAGY) , Mercedez Benz Group AG (MBGAF) and BMW AG (BMWYY) to cut its profit outlook amid an increasingly challenging market. Stellantis has cited rising costs to turn around its U.S. business, stiff competition from Chinese rivals and sluggish global demand, particularly in China, one of the world's largest auto markets, as the ...