Stellantis Losses Mount; CEO Cites Tariffs, Restructuring

Stellantis reported a €2.3 billion ($2.65 billion) net loss for the first half of 2025, reversing a €5.6 billion profit from the same period last year, as revenue fell 13% due to U.S. tariffs, currency headwinds, and declining sales in North America and Europe. The company estimates that tariffs, mainly linked to new trade policies under President Trump, will cost it €1.5 billion ($1.7 billion) for the year, with €300 million incurred so far and most of the impact expected in the second half. Additional setbacks included the cancellation of a hydrogen fuel cell project and ongoing supply chain issues, though growth in South America partially offset declines elsewhere. Antonio Filosa, who became CEO in June, has outlined restructuring, leadership changes, and new product launches as part of efforts to restore profitability. Stellantis has reinstated its full-year financial guidance, expressing cautious optimism for improvement in the latter half of 2025. The automaker continues to engage with policymakers and adjust its strategies to address tariff and market uncertainties.