Stellantis Halts Guidance, CEO Search Amid Tariffs

Stellantis reported a 14% year-over-year decline in first-quarter revenue to €35.8 billion ($40.7 billion), alongside a 9% drop in global shipments, mainly due to reduced North American production and product transitions. The automaker suspended its full-year 2025 earnings guidance as recently imposed U.S. auto tariffs disrupted supply chains and led to temporary production halts in Canada and Mexico. Stellantis is still searching for a new CEO after Carlos Tavares' departure, aiming to conclude the process by the end of June. The company is actively engaging with policymakers and adjusting its production and sourcing strategies in response to the shifting trade landscape. Despite the downturn, Stellantis reported improved retail order intake in North America and increased market share in Europe, supported by new model launches. Broader industry peers, including General Motors and Mercedes, are also facing similar challenges and have adjusted their guidance amid tariff-related uncertainties.