Stellantis estimates a €300 million hit due to US tariffs impacting trade and production.
The company forecasts a net loss of €2.3 billion ($2.7 billion) for the first half of 2025.
Shipments to North America decreased by 25% in Q2 2025 compared to the previous year.
Lower fleet channel sales also contributed to the drop in shipments.
The UK reached a deal with the US to reduce car tariffs to 10% on up to 100,000 vehicles, still higher than the previous 2.5%.
Why this matters: Tariffs can significantly impact multinational corporations, leading to production adjustments, reduced sales, and financial losses. Ultimately, these costs can trickle down to consumers.
Stellantis has published preliminary and unaudited financial information for the first half of 2025, revealing the impact of US tariffs and other factors. The company cites early-stage actions to improve profitability, pre-tax net charges, adverse impacts from higher industrial costs and foreign exchange rates as contributing factors to its financial performance. In North America, Q2 shipments declined by approximately 109,000 units, a 25% year-over-year decrease, due to reduced manufacturing and shipment of imported vehicles and lower fleet channel sales. Total sales also declined 10% year-over-year. Stellantis is not the only car manufacturer dealing with the repercussions of Trump's tariffs. In June, JLR downgraded its profit predictions after it halted all exports to the US in April before resuming shipments in May after the UK deal was reached. Last week, JLR announced it was cutting up to 500 management jobs in the UK amid ongoing pressure on its sales from tariffs.
Q: What brands does Stellantis own?
Stellantis owns 14 car brands, including Alfa Romeo, Maserati, Citroen, Chrysler, Dodge, Fiat, Jeep, Opel, Peugeot, Ram and Vauxhall.
Q: How have US tariffs affected Stellantis' shipments?
Shipments to North America were down 25% in the second quarter of 2025 compared to the same period in 2024.
Q: What was the UK-US tariff deal?
The UK reached a deal with the White House to reduce car tariffs to 10% on up to 100,000 vehicles, which is still considerably higher than the previous tariff of 2.5%.
US tariffs are having a tangible impact on global automotive manufacturers like Stellantis.
Consumers may see increased prices or reduced availability of certain car models.
Changes in trade policy can significantly affect the automotive industry and international trade.
Monitoring global trade developments and their impact on various industries is important for consumers and investors.
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