The Stellantis logo is shown in one of its assembly plants after the announcement of a company saying that it will stop the production there, in Toluca, State of Mexico, Mexico, on April 4, 2025.
Henry Romero | Reuters
Automatic giant Stellantis On Wednesday, he said he was retiring, it is a financial guide throughout the year due to uncertainties regarding the impact of the commercial policy of the president of the United States, Donald Trump, round trip.
The multinational conglomerate, which has known names, including Jeep, Dodge, Fiat, Chrysler and Peugeot, reported net income of the first quarter or 35.8 billion euros ($ 40.7 billion), reflecting a 14% drop in the previous ones.
The company said that the decrease in net income was mainly due to lower shipping volumes, a regional mixture of advertisers and price standardization.
Analysts expected Stellantis’s net income to reach 35.4 billion euros, according to a Reuters survey.
“While the first -line results of the first quarter of the upper line were below the levels of the previous year, other KPI reflect the early initial progress in our commercial recovery efforts,” said Doug Ostermann, Stellantis’s financial director, in a statement.
The automobile manufacturer said he would discard his financial guide from 2025 due to uncertainties related to the rate, adding that it is “highly compromised” with policy formulators in tariff policies.
Stellantis’s actions, which are quoted in Milan, quoted 0.8% higher at noon in London, previously marrying Gaess. The price of shares has dropped around 32% in the year to date.
The results occur shortly after the global automotive sector welcomed a kind of respite of the Trump administration.
The president of the United States signed an executive order on Tuesday to water some car rates.
25% tariffs in imported vehicles in the US will continue, but the new measures aim to reduce the general level of tariffs in vehicle imports that had resulted from separate taxes, such as an additional rate of 25% in steel and aluminum.
According to the last order of the White House, the additional tariffs of 25% in the car parts that began on May 3 will also enter into force, but vehicles that pass through the final assembly in the US. UU. They may qualify the fortal reimbursements for taxes.
– Michael Wayland and Michele Luhn of CNBC contributed to this report.
