Stellantis Losses Spur CEO Change and Tariff Fallout

Stellantis has reported a preliminary net loss of €2.3 billion ($2.7 billion) for the first half of 2025, primarily due to new U.S. tariffs imposed by the Trump administration, factory shutdowns, and cancelled programs including its hydrogen propulsion project. North American shipments fell 25% while global deliveries dropped 6%, amid trade disruptions and additional restructuring charges. The company incurred about €300–€350 million in direct tariff costs and has shifted investment toward hybrid vehicles to adapt to changing regulations. With ongoing market volatility and strained dealer relations, Stellantis suspended its financial guidance earlier this year and saw its stock price decline sharply, reflecting investor uncertainty. Leadership changes have taken place, with Antonio Filosa replacing Carlos Tavares as CEO in an effort to stabilize the company. Official first-half results are scheduled for release on July 29 as Stellantis hopes new products will boost second-half performance.