Reported 2 days ago
Stellantis, the parent company of Jeep and Dodge, has suspended its financial guidance for 2025 after a 14% drop in first-quarter sales, citing uncertainties linked to President Trump's auto tariffs. The company's revenue fell to 35.8 billion euros due to lower production and a decline in shipments, prompting a strategic response to reduce inventory and improve sales. Despite the challenges, some Jeep and Ram models saw strong retail growth in the U.S.
Source: YAHOO