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Investments accounted for using the equity method (Tables)
 12 Months Ended
Dec. 31, 2024
Investments accounted for using equity method [abstract]  
Disclosure of investments accounted for using the equity method The following table summarizes Investments accounted for using the equity method:
At December 31,
2024
2023
(€ million)
Joint ventures
€7,037
€6,013
Associates
2,015
2,006
Other
48
51
Total Investments accounted for using the equity method
€9,100
€8,070
Disclosure of interests in associates and joint arrangements The Company's ownership percentages and the carrying value of investments in joint ventures and associates
accounted for under the equity method were as follows:
Ownership percentage
Investment balance
At December 31,
At December 31,
2024
2023
2024
2023
Ownership percentage
(€ million)
Finance companies in partnership with Group Santander Consumer
Finance (“SCF”)
50.0%
50.0%
€2,016
€1,977
Finance companies in partnership with BNPP PF
50.0%
50.0%
1,086
1,096
Tofas-Turk Otomobil Fabrikasi A.S.
37.9%
37.9%
1,101
1,037
NextStar Energy Inc (“NextStar”)
49.0%
49.0%
897
397
StarPlus Energy LLC (“StarPlus”)
49.0%
49.0%
763
558
Automotive Cells Company SE (“ACC”)
45.0%
33.3%
429
155
Leasys SAS
50.0%
50.0%
424
339
Symbio
33.3%
33.3%
197
230
Others
124
224
Total joint ventures
€7,037
€6,013
Zhejiang Leapmotor Technology Co., Ltd. (“Leapmotor”)
21.3%
21.3%
1,349
1,409
Archer Aviation Inc (“Archer”)
16.0%
10.1%
206
112
Nordex S.A.
50.0%
50.0%
148
142
360 Energy S.A.
49.5%
49.5%
113
105
Stellantis E-Transmission N.V.(1)
—%
56.0%
—
172
Comau Group S.p.A.(1)
49.9%
—%
124
—
Others
75
66
Total associates
€2,015
€2,006
Total joint ventures and associates
€9,052
€8,019
_______________________________________________________________________________________________________________________________________________
(1) Refer to Note 3, Scope of consolidation for additional information
Summary of financial information related to FCA Bank and the finance companies in partnership with Santander Consumer Finance The following tables provide summarized financial information relating to joint ventures with SCF which are
deemed to be material:
At December 31,
2024
2023
(€ million)
Financial assets
€35,788
€34,499
Of which: Cash and cash equivalents
3,201
3,452
Other assets
1,554
1,583
Financial liabilities
30,235
29,382
Other liabilities
3,076
2,746
Total Equity
4,033
3,954
Carrying amount of interest
Company’s share of net assets
2,016
1,977
Carrying amount of interest
€2,016
€1,977
Years ended December 31,
2024
2023
2022
(€ million)
Interest and similar income
€3,382
€3,303
€2,592
Interest and similar expenses
(2,234)
(2,084)
(1,258)
Income tax expense
(193)
(239)
(219)
Profit from continuing operations
457
628
690
Net profit
457
628
690
Net profit attributable to owners of the parent (A)
229
314
345
Other comprehensive income/(loss) attributable to owners of the parent (B)
27
3
(8)
Total Comprehensive income attributable to owners of the parent (A+B)
€256
€317
€337
Company’s share of net profit
€229
€314
€345
Summary of shares profits/loss of equity method investees The following table summarizes the share of profits of equity method investees included
within Share of the profit/(loss) of equity method investees:
Years ended December 31,
2024
2023
2022
(€ million)
Joint ventures
€118
€547
€286
Associates
(137)
(50)
13
Other
(14)
(6)
(35)
Total Share of the profit/(loss) of equity method investees
€(33)
€491
€264
Disclosure of interests in joint ventures The aggregate amounts recognized for the Company’s share in all individually immaterial joint ventures and
associates accounted for using the equity method were as follows:
Years ended December 31,
2024
2023
2022
(€ million)
Joint ventures:
Profit/(loss) from continuing operations
€(111)
€233
€(152)
Net profit/(loss)
(111)
233
(152)
Other comprehensive income/(loss)
(177)
(265)
(47)
Total Other comprehensive income/(loss)
€(288)
€(32)
€(199)
Associates:
Profit/(loss) from continuing operations
€(137)
€(50)
€13
Net profit/(loss)
(137)
(50)
13
Other comprehensive income /(loss)
27
(11)
—
Total Other comprehensive income/(loss)
€(110)
€(61)
€13
Disclosure of interests in associates The aggregate amounts recognized for the Company’s share in all individually immaterial joint ventures and
associates accounted for using the equity method were as follows:
Years ended December 31,
2024
2023
2022
(€ million)
Joint ventures:
Profit/(loss) from continuing operations
€(111)
€233
€(152)
Net profit/(loss)
(111)
233
(152)
Other comprehensive income/(loss)
(177)
(265)
(47)
Total Other comprehensive income/(loss)
€(288)
€(32)
€(199)
Associates:
Profit/(loss) from continuing operations
€(137)
€(50)
€13
Net profit/(loss)
(137)
(50)
13
Other comprehensive income /(loss)
27
(11)
—
Total Other comprehensive income/(loss)
€(110)
€(61)
€13