Stellantis' financial report for 2024 has unveiled a stark 70% decline in net profit, culminating in a direct net loss during the second half of the year. This revelation offers insight into the reasons behind the departure of Carlos Tavares. As the world's fourth-largest automotive conglomerate, Stellantis boasts an impressive portfolio of 14 automobile brands and was once a leading player in the industry's profitability. Nonetheless, the company's current challenges bear striking similarities to those faced by Nissan, albeit on a larger scale with a more complex internal structure.
