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Stellantis records 70% fall in profits amid plunging North American sales and search for new CEO

Stellantis NV reported a 70% decline in net profit for 2024, totaling $5.8 billion, compared to 2023, due to poor sales and rising costs.
In 2024, Stellantis's adjusted operating income dropped 64%, with a revenue decrease of 17% to $164.7 billion, reflecting a challenging year for the automaker.
Stellantis's board chair, John Elkann, stated that 2024 was 'a year we are not proud of,' emphasizing the company's struggles after the exit of CEO Carlos Tavares.
Looking ahead, Stellantis projects positive net revenue growth in 2025, alongside new vehicle offerings aimed at improving performance.

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Observador

Stellantis condemns Maserati's future by cutting investment of 1.5 billion

Maserati was on its way to becoming a reference among luxury manufacturers, supplementing the combustion range with electric vehicles with more than 760 hp. But Stellantis opted to reverse.

2 days ago·Portugal

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Le Huffington Post

Where does Carlos Tavares' severance pay come from?

The salaries and bonuses of the former Director General of the automotive group have been a source of fascination and controversy since he took up his post.

4 days ago·Paris, France

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Liberation

The former Stellantis DG, Carlos Tavares, is expected to receive €12 million after leaving his post.

Disembarked from the group on 1 December, the former managing director of Stellantis will receive a starting envelope of 2 million euros and a "transformation" bonus of 10 million, announced on Thursday 27 February the car manufacturer in his annual report.

4 days ago·Paris, France

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