CEO Carlos Tavares, the company aggressively sought savings. In North America, layoffs and buyouts have been relentless in recent years.
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MotorTrend on MSNStellantis' 2024: Lost Market Share, Lower Profits, and Executive Musical Chairs—What's Next?First up, a new CEO, to be announced by mid-year, says Stellantis executive chairman John Elkann. On today's earnings call, Stellantis executive chairman John Elkann was blunt: “2024 is a year we are not proud of.
The automaker wants to add Alice Schroeder and Daniel Ramot to its 11-seat board of directors, a shift toward North America.
A possible 25 percent levy on goods from Canada and Mexico is likely to raise the prices consumers pay for new cars and trucks, and disrupt complex supply chains.
Stellantis had many struggles in 2024 and saw its CEO, Carlos Tavares, depart. A search is underway for his replacement.
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 (STLA) expressed support for U.S. President Trump’s goal of increasing domestic car production, while thanking him for a one-month
Stellantis forecasts 2025 growth after a 70% profit drop, tackling weak US sales, China struggles, and EV costs with a market focus.
Crisis-stricken auto giant Stellantis on Wednesday said it sees return to revenue growth this year after a steep drop in 2024 earnings.
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