"Stellantis experienced a significant 2.3-billion-euro net loss in the first half of the year, attributed to new US tariffs and a restructuring charge."
"In North America, vehicle sales declined 25 percent year-on-year in the second quarter, leading to a 12.6 percent drop in net revenues to 74.3 billion euros."
"The company incurred a 300-million-euro negative impact from early effects of US tariffs, disrupting its plans to improve performance in the region."
"A restructuring charge of 3.3 billion euros was taken primarily for program cancellations and platform impairments due to recent changes in legislation."
Stellantis reported a net loss of 2.3 billion euros in the first half of the year as affected by US tariffs and a significant restructuring charge. North American sales dropped 25 percent year-on-year in the second quarter, contributing to a 12.6 percent decrease in net revenues to 74.3 billion euros. The early impact of US tariffs was estimated at 300 million euros, disrupting Stellantis’s plans for improved performance. A restructuring charge of 3.3 billion euros resulted from program cancellations and changes in fuel economy legislation.
Read at Fortune Europe
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