Stellantis profits fall 70% in 2024 due to North America dip

The profits of car giant Stellantis fell by 70% last year due to declining sales, particularly in the critical North American market.

The firm, – whose 14-brand portfolio includes Alfa Romeo, Citroën, Jeep, Maserati, Peugeot and Vauxhall – posted a net profit of €5.5 billion (£4.5bn), a 70% drop from an €18.62bn (£15.45bn) profit in 2023.