Stellantis NV Reports Decline in Stock Price and Profits

Stellantis NV has experienced a decline in its stock price, with a decrease in value. Analysts have predicted further losses, but the company has taken steps to address regional communications strategy.

New Appointment

The company has appointed Kaileen Connelly as the new head of North America Communications. Connelly will oversee regional communications strategy.

Financial Performance

Stellantis has faced a decline in profits, with a 70% plunge in earnings. The company’s 2024 annual report has been published, detailing the financial performance.

Inventory Data

Fresh inventory data suggests that price cuts may be working, with inventory levels falling faster than prices for Jeep, Ram, and Chrysler cars.

Executive Compensation

Carlos Tavares, the former CEO, is set to receive a €12 million severance package as outlined in the company’s 2024 annual report.

Analyst Expectations

Analysts’ expectations for the company’s stock price remain mixed, with some recommending a buy and others advising to hold.