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Stellantis CEO Targets US Turnaround as Carmaker Faces $1.7 Billion Hit From Tariffs This Year

EUROPE AND UNITED STATES, JUL 29 – Stellantis posted a 2.3 billion euro loss in H1 2025 due to tariffs and project cancellations but forecasts higher revenue and a low-single-digit operating margin in H2, CEO Filosa said.

  • Tuesday’s earnings release showed Stellantis reported a $2.6 billion half-year loss, attributed to the company’s strategic decisions and market conditions.
  • Behind the losses, Stellantis terminated its hydrogen fuel cell project, which burned 74.3 billion euros in cash, contributing to declining profits.
  • Turning to tariffs, Stellantis faced about 300 million euros in costs from a 15% U.S. import duty on most EU goods imposed on Sunday.
  • In the results call, Stellantis CEO Antonio Filosa commented, `My first weeks as CEO have reconfirmed my strong conviction that we will fix what's wrong with Stellantis` and guided for increased net revenues and a low-single-digit operating income margin in the second half.
  • Looking to the second half, Stellantis aims for a gradual recovery despite burning 3.3 billion euros last year due to hydrogen project cancellations.
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FuelCellsWorks broke the news in on Monday, July 28, 2025.
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