bloomshorts Stellantis Reports Massive First-Half Loss
Jeep owner Stellantis announced a significant net loss of 2.3 billion euros in the first half of the year, citing the initial impact of new US tariffs and a major charge from recent US legislative changes.
North American Sales Slump
The automaker experienced a 25% drop in sales volume in North America during the second quarter, with overall vehicle sales declining by 6% year-on-year. The company highlighted the ‘early effects of US tariffs’ as a key factor, alongside reduced corporate fleet sales.
Legislative Changes and Restructuring
Stellantis took a 3.3-billion-euro charge related to program cancellations and platform impairments, influenced by the elimination of CAFE penalty rates under new US legislation. This change allows for the production of more high-polluting vehicles in the US.
Future Outlook
Despite the challenges, Stellantis is initiating measures to enhance performance and profitability, with new products anticipated to make a significant impact in the latter half of 2025. The company has suspended its financial guidance due to ongoing uncertainties surrounding US tariffs.
