Stellantis Forecasts €2.3B Net Loss in H1 2025 Amid Tariffs and Operational Challenges

Stellantis (BIT:STLAM) (NYSE:STLA) expects to post a €2.3 billion ($2.68 billion) net loss for the first half of 2025, citing a mix of operational setbacks, restructuring costs, and external pressures including newly implemented U.S. import tariffs. The company anticipates net revenue of €74.3 billion, marking a 12.6% year-over-year decline, and adjusted operating income (AOI) of just €0.5 billion.

The automaker reported second-quarter global shipments fell 6% to around 1.4 million vehicles, with the decline largely driven by tariff-related production pauses in North America and ongoing model transitions in Europe. Stellantis noted that key nameplates are either ramping up or awaiting launch in the second half of the year, adding further strain to European performance.

In addition to a €0.3 billion impact from U.S. tariffs, Stellantis said its AOI was pressured by rising industrial costs, unfavorable geographic and product mix, and foreign exchange rate fluctuations. It also incurred approximately €3.3 billion in pre-tax charges related to program cancellations, platform impairments, restructuring, and the elimination of the Corporate Average Fuel Economy (CAFE) penalty rate. These charges, however, were excluded from the AOI calculation.

The company emphasized that some of the losses reflect early-stage efforts to enhance long-term profitability. Stellantis is set to release its full H1 2025 financial results on July 29, which investors and analysts are closely watching for further clarity on the automaker’s cost-cutting plans and response to evolving tariff policies.

Despite short-term headwinds, Stellantis remains focused on executing its strategic roadmap amid volatile global market conditions.