Jeep maker Stellantis warns of a shock $2.7 billion loss
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The Jeep maker’s earnings took a hit from U.S. tariffs, while restructuring efforts and higher costs also dragged on its results.
The Cherokee’s been a Jeep mainstay since 1973. Production in Belvidere, Illinois, ended in early 2023, leaving a gaping wound in the brand’s lineup.
The reality here is that Stellantis doesn’t even need to pump out an SRT model for every single buyer. Dealers will benefit simply from having new halo models in the news, the showroom, and on lots. Buyers who want one but don’t qualify will be more willing to check out models that are similar.
Stellantis has officially welcomed Antonio Filosa as its new CEO, a move that shareholders have strongly endorsed. Filosa takes over from Carlos Tavares, who was ousted from his role last December.