Jul 21st, 2025
Stellantis Takes $2.7 Billion Hit
Stellantis swung to a €2.3 billion ($2.7 billion) net loss in the first half as restructuring expenses, waning sales and the impact of US tariffs hit the automaker. The manufacturer incurred around €3.3 billion in pretax net charges, mainly due to expenses from canceling programs including one on hydrogen and shifting investments from electric to hybrid vehicles. The moves are the first by new Chief Executive Officer Antonio Filosa to clean house as he tries to halt the company’s sales and earnings slump. Bloomberg's Craig Trudell reports.



