Stellantis logo is pictured at one of its assembly plants following a company’s announcement saying it will pause production there, in Toluca, state of Mexico, Mexico, on April 4, 2025.
- Stellantis, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, reported first-quarter net revenues of 35.8 billion euros, reflecting a 14% drop from the previous year.
- Analysts had expected Stellantis' net revenues to come in at 35.4 billion euros, according to a Reuters poll.
- The carmaker said it would scrap its 2025 financial guidance due to tariff-related uncertainties, adding it is "highly engaged" with policymakers on tariff policies.
Auto giant on Wednesday said it was withdrawing its full-year financial guidance due to uncertainties regarding the impact of U.S. President Donald Trump's back-and-forth trade policy.
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The multinational conglomerate, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, reported first-quarter net revenues of 35.8 billion euros ($40.7 billion), reflecting a 14% drop from the previous year.
The company said the decline in net revenues was primarily due to lower shipment volumes, an adverse regional mix and price normalization.
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Analysts had expected Stellantis' net revenues to come in at 35.4 billion euros, according to a Reuters poll.
"While Q1 2025 top-line results were below prior-year levels, other KPIs reflect early, initial progress on our commercial recovery efforts," Doug Ostermann, chief financial officer at Stellantis, said in a statement.
The carmaker said it would scrap its 2025 financial guidance due to tariff-related uncertainties, adding it is "highly engaged" with policymakers on tariff policies.
Money Report
Shares of Milan-listed Stellantis closed down 2% on Wednesday. The stock price is down around 32% year-to-date.
The results come shortly after the global automotive sector welcomed something of a reprieve from the Trump administration.
The U.S. president on Tuesday signed an to water down some auto tariffs.
Tariffs of 25% on imported vehicles into the U.S. will continue, but the new measures aim to reduce the overall level of duties on vehicle imports that had resulted from separate levies — such as an additional 25% tariffs on steel and aluminum — "stacking" on top of one another.
Under the latest White House order, additional 25% tariffs on auto parts that were set to start by May 3 will also still take effect, but vehicles that go through final assembly in the U.S. will be able to qualify for partial reimbursements on those levies for two years.
— C온라인카지노사이트's Michael Wayland & Michele Luhn contributed to this report.
