The conglomerate, known for brands such as Chrysler, Dodge and Jeep, warned of lower-than-expected sales "across most regions" in the second half of the year.

Its adjusted profit margin is now expected to be between 5.5 and 7.0% for the year, down from "double digit" previously forecast, the company said, adding industrial free cash flow is now expected to range between -5 billion to -10 billion euros, down from a prior "positive" projection.