CEO Carlos Tavares, the company aggressively sought savings. In North America, layoffs and buyouts have been relentless in recent years.
Stellantis faces uncertainty around tariffs promised by U.S. President Donald Trump that could significantly reduce its profits, while the Jeep-maker is already struggling to recover from what it called a "rough" 2024.
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.
MILAN (Reuters) -Automaker Stellantis said on Thursday it shared U.S. President Donald Trump's goal of building more cars in the United States, as it thanked him for granting a one-month exemption from tariffs on Canada and Mexico.
On today's earnings call, Stellantis executive chairman John Elkann was blunt: “2024 is a year we are not proud of.” So says the man who is acting as interim CEO as a search for a new leader ...
Stellantis had many struggles in 2024 and saw its CEO, Carlos Tavares, depart. A search is underway for his replacement.
European automakers' shares jumped on Thursday after U.S. President Donald Trump gave carmakers a one-month reprieve from his punishing 25% tariffs on Canada and Mexico, with Chrysler-to-Fiat maker Stellantis pledging more American-made cars.
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.
Big Three automaker Stellantis warned of a “turbulent” year ahead. The company probably had no idea how true that would be.
Stellantis Chairman John Elkann, in a news release, called 2024 “a year of stark contrasts for the company, with results falling short of our potential,” but he touted the rollout of new ...
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