With the dust settling on a December boardroom scuffle that resulted in the ousting of its CEO and subsequent strategy overhaul, Stellantis on Wednesday offered investors a fresh reminder of the challenges that lie ahead in the U.S. for the embattled European automaker.
Stellantis reported a 70% fall in profits to €5.5 billion ($5.7 billion) alongside a 17% fall in 2024 sales revenue, driven by a sharp decline in demand in the U.S. as drivers walked away from the group owing to price increases.
