Automaker Stellantis Warns Of $2.7 Billion Loss Due To Tariffs
Automaker Stellantis (STLA) has warned that it expects to incur a net loss of 2.3 billion euros ($2.68 billion U.S.) for the first half of this year due to the impact of U.S. tariffs.
The European-based company behind vehicle brands such as Dodge, Jeep, Fiat and Chrysler, also forecast first-half net revenue of 74.3 billion euros, down from 85 billion euros a year ago.
The preliminary figures replace Stellantis’ financial guidance, which the company suspended on April 30 of this year, citing uncertainty caused by tariffs.
The update reaffirms the challenges ahead for automakers in the wake of U.S. President Donald Trump’s tariffs, and for new Stellantis Chief Executive Officer (CEO) Antonio Filosa.
The company said that its second-quarter vehicle shipments declined sharply due largely to the early impacts of U.S. tariffs.
Specifically, Stellantis said its overall second-quarter shipments fell to an estimated 1.4 million vehicles, down 6% year-over-year.
In North America, Stellantis said Q2 shipments are expected to decline by roughly 109,000 units, down an annualized 25%.
On April 3 of this year, a 25% U.S. tariff took effect on all finished vehicles imported into America from foreign countries.
Stellantis’ financial results for the first half of this year will be released on July 29.
STLA stock is down 28% so far in 2025 and trading at $9.20 U.S. per share.
