The profit sharing was calculated based on Stellantis' 2023 labor agreement with the UAW. Union-represented employees get $900 per 1% of profit margin in North America, based on how how many hours an employee worked last year. That means the final amount may differ depending on employee.

Stellantis reported a steep 70% decline in the full year 2024 net profit, falling to 5.5 billion euros ($5.77 billion) from $19.5 billion.

Stellantis on Wednesday reported a sharp drop in full-year earnings as the company scrambles to take measures to improve its performance and profitability.

Automaker Stellantis issued its 2024 financial report Wednesday, indicating that net revenues for 2024 were down 17% compared to the previous year; with net profit for 2024 down 70% compared to the previous year.