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Stellantis (NYSE: STLA)* said today that full year 2024 results were net revenues of €156.9 billion, down 17% compared to 2023. Net profit was €5.5 billion, down 70%. Adjusted operating income of €8.6 billion fell 64%. Industrial free cash flows were negative €6 billion reflecting the decline in income and temporary enlarged working capital impact due to production cuts. However, despite the almost total car wreck, the dividend to common shareholders is proposed at €0.68 per share, representing a 5% yield, pending shareholder approval.
“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. Stellantis’ dedicated and talented people are driving forward with energy and determination, engaging with key stakeholders and moving decision-making closer to our customers. We are firmly focused on gaining market share and improving financial performance as 2025 progresses,” said John Elkann, Chairman, a large shareholder and the scion of the Fiat family.** Continue reading →
Subaru of America to Sponsor 2025 Overland Expos
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Subaru of America today said it is joining the Overland Expo® as a title sponsor for 2025. Overland Expo is an outdoor travel gathering. It will have the latest Subaru adventure models, including the new 2025 Subaru Forester Hybrid, as well as the Wilderness editions of the Subaru Outback, Subaru Crosstrek, and Subaru Forester.
“We are all-in on off-road adventure, and excited to join the thousands of Subaru owners making their way to Overland Expo, a destination event for outdoor enthusiasts. With our unique onsite experiences, Subaru is ready to amplify our customers’ stories and show our appreciation for their dedication to our brand,” said Alan Bethke, Senior Vice President of Marketing, Subaru of America. Continue reading →