Stellantis cut its full-year profit guidance and said it expected cash outflows of €10 billion, becoming the latest European automaker to warn on the increasingly tough car market.

The automaker, created by a 2021 merger, is dealing with labor unrest, slumping sales and a revolt from its dealers.

The problems are raising questions about the future of Carlos Tavares, the Stellantis chief executive, who races cars in his spare time. After taking the reins at the French carmaker PSA in 2014, he acquired a series of rivals to build a company that last year sold more cars than General Motors did.