Donald Trump tariff impact: Jeep parent company Stellantis sees $2.7 billion loss; revenue dips 12.6%
Stellantis reported a substantial net loss of 2.3 billion euros in the first half of the year, impacted by new US tariffs and significant charges related to legislative changes. North American sales declined sharply, prompting production adjustments and program cancellations. The company is implementing measures to improve performance amidst economic and regulatory uncertainty, anticipating a stronger second half.
Stellantis reported a substantial net loss of 2.3 billion euros in the first half of the year, impacted by new US tariffs and significant charges related to legislative changes. North American sales declined sharply, prompting production adjustments and program cancellations. The company is implementing measures to improve performance amidst economic and regulatory uncertainty, anticipating a stronger second half.
