Stellantis loses $1.8 billion in North America in second half of 2024

Stellantis' U.S. sales dropped 7 percent in the fourth quarter. — Discounts to resolve a U.S. inventory glut contributed to a 38 percent drop in second-half North America revenue. (DAVID PHILLIPS/AUTOMOTIVE NEWS)

February 26, 2025 06:44 PM

Stellantis has abandoned a key financial goal established by former CEO Carlos Tavares, saying it no longer expects to achieve a double-digit profit margin this year after a precipitous drop in 2024.

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