Stellantis Faces Turbulent Future: Sales Drop, Profits Plunge, but Growth Ahead?
Stellantis posted a dismal full-year report, with revenue down 17% and profit plummeting by 70%. The company's sales slump is attributed to bloated inventory and a disagreement about its direction, leading to CEO Carlos Tavares' resignation. Despite the dire picture, Stellantis expects to return to growth in 2025, citing positive net revenue growth and industrial free cash flows.
- As Stellantis navigates a turbulent future, it's clear that the company's focus on innovation and market share will be crucial in regaining its footing in the highly competitive auto industry.
- How will the Trump administration's tariffs on products made in Canada and Mexico affect Stellantis' production costs and ultimate profitability?