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MichMan

(15,513 posts)

8. 'Very rough year': Stellantis profits fall 70% in 2024 amid weak sales, leadership change (2024)

Mon Jul 21, 2025, 07:58 PM

Monday

Stellantis NV said Wednesday its 2024 net profit fell sharply to $5.8 billion (5.5 billion euro), a 70% drop compared to 2023's record high.

The results reflect a tumultuous year for the maker of Chrysler, Dodge, Jeep and Ram and other brands that included poor sales across several key regions, cost cuts including layoffs, fights with unions and dealers, and the sudden departure of CEO Carlos Tavares in December.

Last year marked by far the lowest total profits that Stellantis has posted since the 2021 merger between Fiat Chrysler Automobiles NV and French automaker Groupe PSA that created the current company, now the third-largest global carmaker in terms of total units.

https://www.detroitnews.com/story/business/autos/chrysler/2025/02/25/stellantis-earnings-report-2024/80265533007/

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Jeep maker Stellantis says it will lose $2.7 billion due partly to tariffs [View all] groundloop Monday OP

Also, we know that manufacturers like this are passing along the tarrifs to the end customers so don't feel that bad... wcmagumba Monday #1

They donated $1 million to Trump's inauguration. Irish_Dem Monday #2

In the distance I can hear someone yelling "fake news". Trump will issue a deragatory statement about Stellantis soon. twodogsbarking Monday #3

With two Jeeps in my garage... Mark.b2 Monday #5

Nah. Convicte ped-o-felon will ignore them unless they send another Justice matters. Monday #9

Too bad, so sad MLWR Monday #4

Stellantis donated more to Kamala Harris than any other candidate prior to the election Mysterian Monday #6

How can they be losing money? Norrrm Monday #7

'Very rough year': Stellantis profits fall 70% in 2024 amid weak sales, leadership change (2024) MichMan Monday #8

Gotta give Trumponomics a chance to kick in. oasis Tuesday #10