Stellantis Anticipates $2.7 Billion Net Loss in First Half Due to Tariffs

Auto giant Stellantis expects a net loss of 2.3 billion euros ($2.68 billion) in the first half of the year due to pre-tax net charges and early effects of U.S. tariffs, according to the company's preliminary figures released on Monday.

Stellantis, the owner of brands like Jeep, Dodge, Fiat, Chrysler, and Peugeot, projected first-half net revenue of 74.3 billion euros, down from 85 billion euros in the same period last year. The company suspended financial guidance on April 30.

Shares of Stellantis on the Milan stock exchange dropped by 3% on Monday morning. The company cited four main factors affecting its results in the first half of the year, including actions to boost profitability, pre-tax net charges of around 3.3 billion euros, adverse impacts from higher industrial costs, changes in foreign exchange rates, and the early impacts of U.S. tariffs.

Stellantis anticipated an initial impact of 300 million euros in its first-half results due to net tariffs and planned production losses. The financial results for the first half of 2025 will be disclosed on July 29.

In the second quarter, Stellantis estimated a decline in shipments to 1.4 million vehicles, down 6% year-on-year. In North America, second-quarter shipments were predicted to fall by about 109,000 units, a 25% decrease compared to the previous year, mainly due to reduced manufacturing and shipment of imported vehicles affected by tariffs and lower fleet channel sales.