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Stellantis reports a 14% drop in Q1 revenues, suspends full-year guidance amid US trade policy uncertainty.
Stellantis, the auto company behind brands like Jeep and Fiat, saw a 14% drop in first-quarter net revenues to €35.8 billion due to lower vehicle shipments and price changes.
The company has suspended its full-year financial guidance due to uncertainty over US trade policies.
Despite the revenue drop, Stellantis saw a boost in retail orders for some US models, including the Jeep Grand Cherokee and Ram trucks.
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Stellantis informa de una caída del 14% en los ingresos del primer trimestre, suspende las previsiones para todo el año en medio de la incertidumbre de la política comercial de EE.UU.