Stellantis N.V., the global automotive powerhouse, reported a 14% decrease in net revenues for the first quarter of 2025, amounting to €35.8 billion, compared to the same period in 2024. The decline was attributed to lower shipment volumes, unfavorable regional mix, and price normalization. Consolidated shipments also saw a 9% drop, totaling 1,217 thousand units, primarily due to reduced production in North America and the impacts of product transitions in Enlarged Europe.
The company highlighted the challenges posed by extended holiday downtime in January and the transition from older to new models as significant factors affecting its Q1 performance. Despite these hurdles, Stellantis managed to increase its market share in the Enlarged European EU30 markets to 17.3%, up by 1.9% from the last quarter of 2024, thanks to the successful launch of new models like the Fiat Grande Panda and refreshed versions of the Opel/Vauxhall Mokka.
In response to the uncertain financial landscape, particularly due to U.S. automotive tariffs, Stellantis has decided to suspend its financial guidance for the remainder of 2025. The company is actively engaging with policymakers to mitigate the impacts of these tariffs while focusing on commercial recovery actions, including the launch of new products and updates to existing nameplates.
Looking ahead, Stellantis remains committed to navigating through these challenges, with plans to conclude the appointment of a new permanent Chief Executive Officer within the first half of 2025. The company's resilience in the face of adversity underscores its strategic focus on innovation and market adaptation, even as it grapples with external pressures and internal transitions.
Early Monday morning, a large advertising sign belonging to the insurance giant Generali partially collapsed on the roof of a 200-meter-high skyscraper in Milan's CityLife district. The incident, which occurred around 6:30 a.m., prompted immediate response from local fire services to secure...
Orlando Bloom and Katy Perry, once one of Hollywood's most talked-about couples, have reportedly ended their nine-year relationship. The split, confirmed by sources close to the couple, comes after years of what insiders describe as unresolved issues and a lack of communication. Both Bloom...
The discovery of asteroid YR4 in late 2024 has since evolved into a growing concern among scientists and astronomers worldwide. Initially perceived as a potential threat to Earth, recent calculations by NASA's Centre for Near Earth Object Studies have shifted the asteroid's trajectory towards...
.png?trim=79,0,187,0&width=1200&height=800&crop=1200:800)
Rosie O'Donnell has publicly criticized Jeff Bezos and Lauren Sanchez's extravagant wedding in Venice, Italy, calling out the 'gross excess' of the event. The comedian took to Instagram to express her disdain, particularly targeting the guest list that included Oprah Winfrey and other...
In a significant move that underscores the growing importance of unmanned aerial systems (UAS) in global defense and aerospace sectors, Turkish company Baykar has finalized its acquisition of Italy's Piaggio Aerospace. This strategic acquisition, completed in the presence of key Italian...
