Stellantis updated its first-half financials, citing 1.5 billion euros ($1.73 billion) in tariff costs for 2025. Revenues for the same period were down 13% to 74.3 billion euros ($86.13 billion), resulting in a net loss of 2.3 billion euros ($2.67 billion). Adjusted operating income was 500 million euros ($579.6 million).

Despite challenges, Stellantis reinstated financial guidance for the year and projects increased net revenues, low-single-digit AOI profitability, and improved industrial free cash flow for the second half. The stock was down 4% in pre-market trading. CEO Antonio Filosa noted gradual improvement in 2025.

Stellantis absorbed 300 million euros ($347.77 million) in tariff-related costs and production losses in the first half. Filosa, a 25-year veteran, was appointed CEO in June. Global deliveries fell 6% in Q2, with US sales down 25% and European sales dropping 6%.

Stellantis faces challenges in the US auto market, with efforts to reduce inventories through incentives and production cuts. Questions remain about the impact of tariffs on Canadian and Mexican production. The company idled plants in these countries due to tariffs last quarter.

Read more at Yahoo Finance: Stellantis attempts ‘right-sizing’ its business amongst tariff turmoil