Cyberattack Shuts Down Auto Dealership Software Systems Across The Nation

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Stellantis shares are falling after the Jeep maker logged a 70% profit plunge in 2024

The parent company of Jeep, Dodge, and Ram reported earnings Wednesday.

2/26/25 9:02AM

Just because it builds some vehicles to go off-road doesn’t mean Stellantis enjoys a bumpy ride.

The fourth-largest global carmaker reported earnings Wednesday, and its full-year 2024 profit came in at $5.8 billion, down 70% from the year prior.

Net revenues fell 17% on the year to $164.5 billion. The Jeep, Dodge, and Ram parent was down more than 4% in premarket trading.

Stellantis’ consolidated shipments fell 9% year over year on the quarter, with a 28% drop in North America. The automaker has made efforts to shrink its bloated US inventories, and said it’s successfully decreased dealer stock by 20% from last year in the country.

Last month, Stellantis said its US sales fell 15% last year, dragged down primarily by Dodge (down 29%), and Ram (down 19%). US Jeep sales were down 9% on the year.

Following a monthslong public spat with its US dealer network over bloating inventories and poor sales, Stellantis ousted CEO Carlos Tavares in December.

The company expects lackluster profitability in 2025 and issued a mid-single-digit growth outlook for its operating income margin.

Stellantis still hasn’t named its next CEO — it says that’ll happen in the first half of this year — but it has been slashing its prices. Its average new vehicle transaction price has fallen by about $6,000 over the past year. Per data from Cox Automotive, new Jeep prices fell to about $49,000 in January, down 9% from a year earlier and the brand’s lowest level in three years.

Since the departure of Tavares, Stellantis has “recommitted” to US factory investments and moved the launch of a hybrid Ram pickup ahead of a full-electric version.

This year has the potential to get weird fast for Stellantis and rivals Ford and GM. Increased EV competition in China is still hurting bottom lines, and tariff-related obstacles could send car prices even higher. If President Trump’s planned 25% tariffs do ultimately get tagged onto vehicles, some analysts believe the average price of a car could rise by $3,000.

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OpenAI’s ARR reached over $20 billion in 2025, CFO says

Sam Altman’s $500 billion artificial intelligence behemoth hit a major financial milestone last year, according to a new blog post over the weekend from OpenAI CFO Sarah Friar, as the company confirmed it had hit a more than $20 billion annual revenue run rate at the end of 2025.

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

“Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.”
“Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.”

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

“Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.”

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

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A business that scales with the value of intelligence

“Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.”
“Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.”