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flag Stellantis reports a 70% drop in profits in 2024, citing issues in North America, but forecasts recovery by 2025.

flag 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. flag The company is struggling with issues in North America, including delayed model launches and lower sales. flag Despite the setbacks, Stellantis forecasts a return to revenue growth and positive cash flow by 2025. flag 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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