Stellantis: "There is no need to worry" about "French sites" despite declining financial results, assures a CFDT union representative

After the group presented sharply lower financial results for 2024, the CFDT central union delegate at Stellantis Auto wanted to be reassuring. "There is no need to worry" for "the French sites" , said Benoît Vernier on Wednesday, February 26 on franceinfo. The automotive giant, born from the merger between PSA and Fiat-Chrysler, announced sharply lower annual financial results on Wednesday. The group's turnover is down 17% in 2024 compared to 2023, and net profit is down 70%.

"This is a significant drop, it should not be overlooked ," continues Benoît Vernier, ensuring however that he has no "immediate fears for French sites". "We had a strategic joint committee that guarantees activities and production for the next three years, there is no concern at that level."

"We hope to have prospects of a rebound for 2025," the union representative declared on franceinfo, but according to him "we must put the poor results into perspective, which remain positive . " "We make the comparison with two exceptional years, 2022 and 2023, when we had 17 billion and 19 billion in profits. Here, we are returning to more classic patterns and the comparison with other years can be misleading."

In addition, with the launch of ten new vehicles by the group in 2025, Benoît Vernier even says he is "rather optimistic" . "We are going to have interesting launches for the group that should give us positive situations in 2025". The disappointing figures for 2024 compared to 2022 and 2023 have also cost the emblematic CEO of Stellantis, Carlos Tavares, his job, forced into forced retirement at the end of 2024 .