Today, Stellantis announced its “Preliminary and Unaudited Key Figures for First Half 2025,” indicating it is on track for a first-half loss totalling $2.7 billion due to the challenges of updating its product lines in Europe and the U.S., along with the effects of U.S. tariffs on vehicles and auto parts.
Stellantis CEO Antonio Filosa assured investors that 2025 would be “a year of gradual and sustainable improvement” after a “tough first half, with increasing external headwinds”.
Today, Stellantis also released its consolidated shipment estimates, with the North America region suffering due to tariffs. The company stated, “Consolidated shipments for the three months ending June 30, 2025, were an estimated 1.4 million units, representing a 6% decline y-o-y, reflecting North American tariff-related production pauses early in the quarter, in addition to reduced but adverse impacts of product transition in Enlarged Europe, where several important nameplates are either in the ramp-up phase after recent launches or awaiting production launches scheduled for the second half of 2025.”
“In North America, Q2 shipments declined approximately 109 thousand units compared to the same period in 2024, representing a 25% y-o-y decline, due to factors including the reduced manufacture and shipments of imported vehicles, most impacted by tariffs, and lower fleet channel sales. Total sales declined 10% y-o-y, with U.S. retail sales relatively flat, and with the region’s two largest brands, Jeep® and Ram, collectively delivering 13% higher sales y-o-y.”
Last year, Stellantis imported more than 40% of the 1.2 million vehicles it sold in the U.S., mainly from Mexico and Canada. In April, the company announced it had cut vehicle imports due to tariffs and planned to adjust “production and employment” to lessen the impact on profitability.
The company stated that its first half financial results have been affected by the following:
- The early effects of US tariffs as well as loss of planned production related to implementation of the Company’s response plan.
- The early stage of actions being taken to improve performance and profitability.
- Approximately €3.3 billion of pre-tax net charges, primarily related to program cancellation costs and platform impairments.
- Adverse impacts to AOI from higher industrial costs, geographic and other mix factors, and changes in foreign exchange rates.
Following Stellantis’ statement, the company’s shares declined around 2%.
By CEO NA Editorial Staff
