(WWJ) Stellantis posted first half losses of roughly $2.5 billion, and is warning of big costs ahead from tariffs.
“2025 is turning out to be a tough year, but also one of gradual improvement,” says Stellantis CEO Antonio Filosa.
The company warns that tariffs will cost it $1.7 billion for the full year, with most of those costs in the second half.
Stellantis says it remains “highly engaged” with policymakers and continues to do long term planning.
The second half is expected to see an improvement. Stellantis says it could even see a very small profit.
All of this could mean small, or even no profit sharing checks for Stellantis workers.
Last year, Stellantis posted a $7.4 billion first half profit. Total revenues are also down 13% year over year.
The troubles lead Stellantis to oust CEO Carlos Tavares late last year, as the company dealt with declining sales and difficult relationships with its dealers and its workers. New CEO Antonio Filosa has been working to mend those relationships and to improve a product lineup that many analysts had said contained too many products with high price tags, and not enough products that appealed to mass market buyers.
Filosa admitted they have a lot of work ahead of them.
“Our new leadership team, while realistic about the challenges, will continue making the gout decisions needed to re-establish profitable growth and significantly improved results.”