Stellantis N.V. is a multinational automotive manufacturer formed through the merger of Fiat Chrysler Automobiles and PSA Group
The company designs, engineers, manufactures, and sells a diverse portfolio of vehicles across multiple brands, including well-known names such as Jeep, Ram, Peugeot, Citroën, and Fiat. Stellantis aims to deliver innovative and sustainable mobility solutions while catering to a wide range of customer preferences and market segments worldwide, focusing on electric vehicles, advanced technologies, and connectivity in the automotive industry.
Trade tariffs fuel market volatility, causing dollar to fall and stocks to decline. GDP forecasts down and Fed expected to cut rates. Bitcoin prices soften despite Strategic Bitcoin Reserve. Auto stocks rebound after tariff postponement.
White House press secretary Karoline Leavitt confirmed in a briefing that the administration would grant a one-month exemption on automakers operating under the U.S.-Mexico-Canada Agreement (USMCA).
Ford, GM and Stellantis could be hit hard by tariffs on Canada and Mexico. Tesla isn't immune from higher costs and could pay more for parts from Mexico.
His announcement comes amid industry backlash to a 25% import tariff on goods from Mexico and Canada, including automobiles and auto parts, which could disrupt the supply chains of major U.S. automakers.
Barclays has issued a warning that the tariffs recently imposed by U.S. President Donald Trump could potentially eliminate the profits of Detroit's "Big Three" automakers - General Motors (NYSEGM), Ford NYSE: FNYSEF)(NYSE: STLANYSESTLA.
The company reported a full-year 2024 net profit of €5.47 billion ($5.72 billion), down from €18.6 billion a year earlier, with EPS falling to €1.84 from €5.94.
Stellantis NV (NYSESTLA) reported a 17% YoY revenue decline for FY24, with North America shipments down 25%. The company faced challenges from discontinued models like the Dodge Charger and Jeep Cherokee, resulting in a 70% drop in net profit.
Stellantis Delivers Full Year 2024 Results Consistent with Updated Financial Guidance;Expects Return to Profitable Growth and Positive Cash Generation in 2025
