Net revenues of €156.9bn, down 17% compared to 2023; net profit of €5.5bn, down 70%; consolidated shipment volumes down 12%, including a 25% fall in volumes in North America, the Stellantis group’s largest and most profitable market. The results unveiled by the automotive group on Wednesday 26 February for the year 2024 are down sharply.

The carmaker--created by the merger between PSA and Fiat Chrysler--is still awaiting its new CEO following the . It faced a particularly complicated 2024, not least because of its Takata airbag recall campaign.

“While 2024 was a year of stark contrasts for the company, with results falling short of our potential, we achieved important strategic milestones. Notably, we began the rollout of new multi-energy platforms and products, which continues in 2025, started production of EV batteries through our JVs and launched the Leapmotor International partnership,” commented chairman John Elkann in a press release. “We are firmly focused on gaining market share and improving financial performance as 2025 progresses.”

This article was originally published in .