US EditionStellantis expects $2.7 billion first half loss as restructuring costs, US tariffs bite
NETHERLANDS, JUL 21 – Stellantis faces a 2.3 billion euro loss in H1 2025 driven by a 25% drop in North American shipments and $300 million tariff costs under new U.S. trade policies, the company said.
- Stellantis N.V. reported a preliminary €2.3 billion first-half loss as it faces challenges revamping product ranges in Europe and the U.S. while dealing with President Trump's tariffs on imported vehicles and auto parts.
- The company booked €3.3 billion in pre-tax charges for canceling vehicle programs and investing more in popular hybrid cars in Europe and large gasoline-powered models in the U.S. market.
- Trump's tariffs have cost Stellantis €300 million so far as the company reduced vehicle shipments and cut production to adjust manufacturing levels.
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Last year, Slovenia exported almost 5 billion euros worth of vehicles and equipment, which is around 12 percent of total exports. However, the volume of the industry has been decreasing in recent years and its structure is changing. The announcement of US tariffs brings additional uncertainty.
Donald Trump’s “invoice” of tariffs: Stellantis, the vehicle manufacturer Jeep and Ram, predicts a net loss of $2.68 billion in the first half of the year due to tariffs. Stellantis provided preliminary financial figures on Monday, July 21, after suspending financial guidance in April due to tariffs ordered by President Donald Trump. Stellantis stopped production at plants in Canada and Mexico in response to a 25 percent tax on imported cars, an…
Roundup: Italian industry warns U.S. tariffs could undermine trade, dent growth
ROME, July 21 (Xinhua) -- A proposed new round of tariffs by the United States could result in a 38-billion-euro (44.4 billion U.S. dollars) loss in Italian exports and reduce the country's gross domestic product (GDP) by 0.8 percent by 2027, Italy's largest industrial association said Monday. Read full story
Stellantis' invoice, which holds marks such as Peugeot, Fiat, Chrysler and Jeep in the first half, will have to round around EUR 74.3 billion in the first half of 2024, a 12.5% break in front of the first half of 2024
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