Automaker Stellantis reports a $2.68 billion net loss in the first half of the year due to U.S. tariffs and charges, with an estimated impact of 300 million euros from tariffs and production losses. CEO Antonio Filosa took over two months ago after Carlos Tavares resigned. Stellantis, the fourth-largest car manufacturer, will release financial results on July 29.

President Trump signed executive orders in April to relax 25% tariffs on automobiles and parts, aiming to help domestic manufacturers. Tariffs could raise prices, reduce sales, and lower U.S. production competitiveness. The Center for Automotive Research estimates a $107.7 billion increased cost for all U.S. automakers due to tariffs.

General Motors lowered profit expectations for the year as they brace for potential auto tariffs costing up to $5 billion in 2025. Ford also expects a $1.5 billion hit to operating profit from tariffs this year, withdrawing full-year financial guidance due to trade policy uncertainty. Ford and Tesla may have a smaller impact, but it won’t be insignificant.

Read more at Yahoo Finance: Stellantis warns of $2.7 billion loss for 1st half of 2025 due to tariffs and some big charges