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Stellantis reports a 70% drop in profits in 2024, citing issues in North America, but forecasts recovery by 2025.
Stellantis, the automaker behind brands like Jeep and Fiat, saw its profits drop by 70% in 2024, with net revenue falling 17% to €156.9 billion.
The company is struggling with issues in North America, including delayed model launches and lower sales.
Despite the setbacks, Stellantis forecasts a return to revenue growth and positive cash flow by 2025.
The company is also in the process of finding a new CEO following Carlos Tavares' departure in December.
2 months ago
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