Stellantis expects first-half net loss of $2.7 billion as tariffs bite

Auto giant Stelantis A net loss of 2.3 billion euros (2.68 billion dollars) expects in the first half of the year amid a net fee before the tax and the early effects of the American definitions, the company said on Monday in its initial numbers.

Stelantis, which has family names including Jeep, Dodge, FIAT, Chryler and Peugeot, estimated The net revenues of the first half amounted to 74.3 billion euros, below 85 billion euros From the same period last year.

The initial numbers come in the absence of financial guidance, which the company suspended on April 30.

The shares of Stellantis listed in Milan fell by 3 % on Monday morning.

Stelantis said that four main factors have greatly affected the results during the first six months of the year.

These measures included in the early stage taken to improve profitability, approximately 3.3 billion euros of net graphics before taxes, and the harmful effects of operating income modified of higher industrial costs, as well as changes in foreign exchange rates and the early effects of American definitions.

Stelantis said it expected the first success be 300 million euros in its results in the first half due to the net targeted tariffs, in addition to the planned production losses as part of its response plan.

The financial results of the company will be issued for the first half of 2025 as scheduled on July 29.

Stylantz also said that its shipments in the second quarter had fell to an estimated 1.4 million cars, a 6 % decrease on an annual basis.

In North America, Stelantis said that the second quarter shipments are expected to decrease by about 109,000 units, 25 % less annually, given the low manufacturing and charging of imported vehicles-which are affected more than the definitions-and low fleet sales.