Stellantis expects first-half net loss of $2.7 billion as tariffs bite

New Ram vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot in Miami, Florida.

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Auto giant Stellantis expects a net loss of 2.3 billion euros ($2.68 billion) in the first half of the year amid pre-tax net charges and early effects of U.S. tariffs, the company said Monday in its preliminary figures.

Stellantis, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, estimated first-half net revenue of 74.3 billion euros, down from 85 billion euros from the same period last year.

The preliminary figures come in the absence of financial guidance, which the company suspended on April 30.

Milan-listed shares of Stellantis fell 3% on Monday morning.

Stellantis said four key factors significantly impacted on results through the first six months of the year.

These included early-stage actions taken to improve profitability, roughly 3.3 billion euros of pre-tax net charges, adverse impacts to adjusted operating income from higher industrial costs, as well as changes in foreign exchange rates and the early effects of U.S. tariffs.

Stellantis said it expected an initial hit of 300 million euros in its first-half results due to net tariffs incurred, as well as planned production losses as part of its response plan.

The company’s financial results for the first half of 2025 will be released as scheduled on July 29.

Stellantis also said its overall second-quarter shipments fell to an estimated 1.4 million vehicles, down 6% year-on-year.

In North America, Stellantis said second-quarter shipments were expected to decline by roughly 109,000 units, lower by an annual 25%, given the reduced manufacturing and shipment of imported vehicles — which are most impacted by tariffs — and lower fleet channel sales.