Stellantis sank to a net loss in the second half of last year and presented a weaker-than-expected outlook for the year ahead as the world’s fourth-largest carmaker suffered a drop in sales across all of its key markets.
The owner of the Peugeot, Fiat and Jeep brands reported a net loss of €127mn for the period compared with a profit of €7.7bn a year earlier. Revenue fell 21 per cent to €71.9bn.
The company is navigating a period of upheaval after the sudden departure of chief executive Carlos Tavares in December following a sharp deterioration in financial performance.
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