As Stellantis posts 70% profit plunge, fresh inventory data suggests U.S. price cuts may be working
Data from AI agent CoPilot shows inventory has fallen faster than prices in the last year for Jeep, Ram, and Chrysler cars.
'Very rough year': Stellantis profits fall 70% in 2024 amid weak sales, leadership change
In the carmaker's profit-rich U.S. market, vehicle sales fell 15% overall in 2024, and 7% for the fourth quarter. But the ...
Stellantis reports 70% decline in net profits in 2024
The automaker’s turnaround plan included high-profile leadership changes for its Jeep and Dodge brands in the U.S.
Stellantis' ex-CEO had total compensation of more than $24M last year
CEO, Carlos Tavares, left the automaker in December as the company struggled with issues from down sales to fights with stakeholders.
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Weekly roundup: Trump’s tariffs, Bernie Moreno’s Transportation Freedom Act, Stellantis’ 70% profit drop
Trump will enforce 25% tariffs on Canada and Mexico and 20% on China starting March 4. Sen. Bernie Moreno’s Transportation ...
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Multinational carmaker Stellantis reports plunge in revenue, profits
Dutch-headquartered multinational carmaker Stellantis reported a plunge in profits on Wednesday amid struggles in the vital ...
Vauxhall owner Stellantis’ profits tumble by 70% as Aston Martin delay electric car
THE challenges facing the car industry in its switch to electric were laid bare yesterday with a double dose of bad news.
Carlos Tavares earns €12mn severance deal after Stellantis departure
Former Stellantis chief executive Carlos Tavares received a €23mn pay package in 2024 and a €12mn severance deal for his sudden resignation in December following a sharp deterioration in the ...
Stellantis Expects a Return to Profitable Growth This Year
The auto maker is beginning to recover from a tumultuous 2024 in which it had bloated inventories, pricing pressure and ...