Stellantis Reports 70% Profit Drop and Struggles in North America

The automaker faces financial challenges, leadership changes, and a cautious outlook for recovery in 2025.

Stellantis' 2024 net profit fell 70% to €5.5 billion, down from €18.6 billion in 2023, with revenue declining 17% to €156.9 billion.
North American sales were particularly hard-hit, with a 25% drop in volume for the year and a 27% decline in revenue.
The company is searching for a new CEO following the December departure of Carlos Tavares, with plans to appoint a successor in the first half of 2025.
Stellantis forecasts modest revenue growth and a mid-single-digit operating margin for 2025, with significant improvement expected in the second half of the year.
Shares dropped over 5% following the earnings report, reflecting investor concerns over profitability and ongoing market uncertainties.