Stellantis experiences decline in revenues and shipments in Q1; suspends financial guidance

Stellantis, the automotive behemoth born in 2021 from the fusion of Fiat Chrysler Automobiles and PSA Group, encountered a substantial decline in revenues and shipments during the initial quarter of 2025 compared to the same period in 2024. The company disclosed that due to the uncertainties related to tariffs, it was compelled to put on hold its financial projections for 2025.

With renowned brands under its umbrella such as Jeep, Ram, Chrysler, Dodge, and Fiat, Stellantis recorded a decline of $40.7 billion in revenues and experienced an approximated 9% dip in consolidated shipments, amounting to slightly over 1.2 million vehicles during the aforementioned quarter. This downward trend in North America was particularly pronounced, where shipments plummeted by 20%, according to Chief Financial Officer Doug Ostermann.

Aiming to mitigate the impact of tariff changes made by the previous administration, Stellantis continues to adapt diligently, despite the added costs anticipated for new vehicles. While there are looming challenges, Ostermann remains resolute in maintaining the production plans for the upcoming Jeep Cherokee replacement, as certain adjustments to the supply chain are being considered to navigate the tariff landscape effectively. Noteworthy plans include the reopening of the Belvidere Assembly Plant in Illinois for midsize truck production within the near future.

In a bid to address tariff disruptions, the company remains in ongoing discussions with relevant governmental bodies, with the hope of lessening the adverse effects of tariffs on the industry’s profitability. Ostermann acknowledged that Stellantis had temporarily halted shipments of some tariff-impacted vehicles, drawing attention to the fact that a majority of vehicles sold in the U.S. are domestically manufactured. The company prides itself on a geographically diverse manufacturing footprint, ensuring resilience and adaptability in times of economic uncertainty.

Despite the challenging environment, Stellantis remains committed to navigating through uncertainties and obstacles, with a strong focus on optimizing its operations and responding effectively to market dynamics. As the company readies itself to introduce a new CEO in the near future, it stands poised to fortify its position in the global automotive landscape and underscore its reputation as a leader in the industry. Through strategic measures and prudent decision-making, Stellantis is well-equipped to weather the storms and emerge stronger in the face of adversity.