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European auto sharesReuters
•78% Informative
European auto stocks tumbled almost 4% on Monday after warning from Stellantis , Volkswagen and Aston rekindled concerns over the sector's earnings outlook.
The rout wiped off nearly $10 billion from the market value of the STOXX Auto & Parts index.
Citi expected sector weakness to persist over the coming weeks , and said recovery unlikely until 2025 .
Concerns over falling earnings have increased pressure on valuations.
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