Net profit at the Chrysler parent company—which faces a power vacuum after the sudden departure of former CEO Carlos Tavares in December—fell 70 per cent in 2024. It has been trying to cull inventories over the past few months amid growing competition from China. (The Logic)

Talking point: The profit nosedive comes on the heels of the automaker’s decision last week to freeze its Jeep SUV factory near Toronto. On an earnings call, chief financial officer Doug Ostermann said the lack of new Dodge muscle cars and Jeep Cherokees have hurt the firm. It aims to return to profit growth this year, and to reinvigorate the North American market in the second half of 2025 with a hybrid Jeep SUV. Executive chair John Elkann said the company supports U.S. President Donald Trump’s policies to increase U.S. manufacturing, but said Stellantis would also like to see more U.S.-made parts in Canada- and Mexico-made cars, “which we believe should remain tariff free.” While Stellantis shares tumbled over 5 per cent, General Motors’s stock popped after it hiked its dividend and announced share buybacks.