Updates as of 1224 ET
** Shares in automakers General Motors GM.N and Ford F.N were down sharply on Tuesday after Wells Fargo cut its PT for the pair and said expects vehicle production for Detroit Three ~2% lower in 2025 vs 2024
** Wells Fargo says it continues to see pricing, EV and regulatory headwinds
** The brokerage cut its PT for GM by $1 to $33 and it cut its PT for F to $9 from $10
** Adds competition from Asian automakers, such as Toyota 7203.T and Hyundai 005380.KS, launching SUVs has threatened Detroit's hold over the segment
** Also on Tuesday Deutsche Bank resumed its coverage of Ford with a 'hold' rating and $11 price target while DB resumed coverage of GM with a 'hold' rating and a $53 PT
** GM last traded at $44.63 vs median PT of $54 according to LSEG. Was on track for its biggest one-day pct drop since late July. YTD the stock is up ~24%
** Ford last traded at $10.24 vs median PT of $12 as per LSEG. Shares on track for biggest daily pct drop since early August while YTD are down 14.8%
** Milan-listed Stellantis STLAM.MI, which includes Chrysler, fell 2.73% to 13.68 euros on Tues
(Reporting by Sinéad Carew in New York, Nathan Gomes in Bengaluru)
((Nathan.Gomes@thomsonreuters.com, sinead.carew@thomsonreuters.com))