*

Evolving tariff polices make predictions difficult

*

Reduced vehicle imports to U.S. in April

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To reassess spending, production, employment in May-June

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Net revenues down 14% in first quarter to 35.8 billion

euros

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Shares up as Trump softens tariff impact

(Adds details from presentation, stock open, analyst comment,

context)

By Giulio Piovaccari and Gilles Guillaume

MILAN, April 30 (Reuters) - Stellantis ( STLA ) on

Wednesday suspended its guidance for a moderate recovery this

year, after a profit drop in 2024, due to the uncertain impact

of U.S. President Donald Trump's tariffs, and said it would

review capital spending plans.

The move is "due to evolving tariff policies, as well as the

difficulty (in) predicting possible impacts on market volumes

and the competitive landscape," the Franco-Italian-American

automaker said in a statement.

Rivals General Motors ( GM ), Volvo Cars and

Mercedes-Benz have also withdrawn their financial

guidance this week, citing the uncertainties caused by U.S.

trade policies.

Jeep and Chrysler maker Stellantis ( STLA ) in 2024 imported over 40%

of the 1.2 million vehicles it sold in the United States, mostly

from Mexico and Canada.

In a slide presentation on Wednesday, it said it had reduced

vehicle imports in April in response to tariffs, while relying

on "solid inventories".

But the group said it would also reassess capital spending

plans between May and June, and calibrate "production and

employment to reduce impacts on profitability".

"Response and mitigation actions will continue to be refined

as appropriate," it said.

Presenting its 2024 results in February, Stellantis ( STLA ) had

given 2025 guidance for a mid-single digit adjusted operating

profit (AOI) margin, positive revenue growth and positive free

cash flow.

Last year, the group suffered a 64% fall in its AOI and

burnt more than 6 billion euros ($6.8 billion) in cash, mostly

weighed down by a slump in its U.S. business. Poor results led

to the ousting of CEO Carlos Tavares in December.

A new CEO is due to be announced by the end of June,

Stellantis ( STLA ) confirmed on Wednesday.

The suspended 2025 forecasts were based on the assumption of

no changes to tariffs and global trade, a scenario upended by a

slew of tariff announcements, and changes, by Trump this month.

On Tuesday, Trump softened the blow of his auto tariffs

through measures mixing credits with relief from other levies on

parts and materials.

Milan-listed shares in Stellantis ( STLA ) were up 1.3% at around

0810 GMT.

In the first quarter, Stellantis' ( STLA ) net revenues fell 14%

year-on-year to 35.8 billion euros, "primarily due to lower

shipment volumes, as well as unfavorable mix and pricing", it

said.

That compared with analysts' forecast of 35.4 billion euros

in a Reuters poll.

Jefferies analysts said in a note that they were struggling

to find positive indicators in the results, while Bernstein

noted some "positives", including pricing ahead of expectations

in all key regions, "although amid great uncertainties".

($1 = 0.8783 euros)