Stellantis warns of tariff losses
Company projected to lose $2.7 billion in first half of 2025
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Stellantis N.V. today published preliminary and unaudited financial information for the company’s first half of 2025, in addition to its global quarterly consolidated shipment estimates and commentary on related trends.
According to the company, it expects larger benefits in the second half of the year, as actions to improve performance and profitability, coupled with the introduction of new products, should positively impact the company’s financial position.
However, Stellantis reported a loss of $3.85 billion due to program cancellation costs and platform impairments prompted by the U.S. government’s elimination of penalties for failing to meet Corporate Average Fuel Economy (CAFE) standards.
The company also cited adverse impacts its adjusted operating income due to higher industrial costs, geographic factors, and changes in foreign exchange rates. Particularly, Stellantis attributed a $350 million loss to tariffs enacted by President Donald Trump, along with a loss of planned production.
The full financial results for the first half of 2025 will be released on July 29, with newly installed CEO Antonio Filosa and CFO Doug Ostermann leading the discussion.
Stellantis further reported a six-percent decline in shipments of new vehicles in the second quarter of 2025, as compared to the same point in 2024. This reflects the North American tariff-related production pauses that took place, along with product changes in the European market, the company stated.
Stellantis delivered 109,000 fewer vehicles to the North American market in the second quarter, a 25-percent decline from 2024. Total sales of new vehicles declined by 10 percent, though Jeep and Ram teamed up to deliver a 13-percent increase in sales for those brands.
“Smart” car sales in Europe increased by 45 percent in the second quarter of 2025, though total shipments of new vehicles to the market declined by six percent.
Stellantis enjoyed an increase of 71,000 additional vehicle sales in the Middle East, Africa, and South America combined.