Stellantis (STLA, Financials) reported a €2.3 billion ($2.7 billion) net loss for the first half of 2025, reversing a €5.6 billion profit from the same period a year ago, as tariffs, restructuring costs and weak shipments hit the automaker's bottom line.
In preliminary results released Monday, the Jeep and Chrysler parent said it incurred €300 million ($349 million) in costs from early impacts of new U.S. tariffs. Revenue dropped 13% year over year to €74.3 billion from €85 billion. The company had suspended its full-year outlook in April citing tariff-related uncertainty.
North American vehicle shipments in the second quarter fell 25% to 109,000 units, though U.S. retail sales were described as “relatively flat,” supported by a 13% gain from Jeep and Ram combined. Overall global sales declined 10% from a year earlier.
This is the first earnings report under new CEO Antonio Filosa, who took over following the sudden exit of Carlos Tavares last December. Final results are due July 29.
UBS analysts said Monday that Stellantis' free cash flow is likely to remain negative in 2025, as the second half is unlikely to offset the first-half cash burn. Shares were little changed in premarket trading and are down nearly 30% year to date.
