Stellantis on Wednesday reported a sharp drop in full-year earnings as the company scrambles to take measures to improve its performance and profitability.

Stellantis reported a steep 70% decline in the full year 2024 net profit, falling to 5.5 billion euros ($5.77 billion) from $19.5 billion.

Jeep parent company Stellantis has recorded a significant drop in profit following a tough year for the car making conglomerate.

Crisis-stricken auto giant Stellantis on Wednesday said it sees return to revenue growth this year after a steep drop in 2024 earnings.

Stellantis, the multinational auto giant behind Dodge, Jeep, Fiat, Chrysler, and Peugeot, expects to return to growth in 2025 after a sharp decline in its 2024 earnings. The company posted a full-year net profit of €5.