The new CEO of Stellantis has vowed to make “the tough decisions” to fix the firm after it recorded a €2.3 billion (£2.0bn) post-tax loss in the first half of 2025.
The results, presented on Tuesday by the owner of Vauxhall, Jeep, Peugeot and more, were blamed on tariff uncertainty, foreign exchange headwinds and a decline in light commercial vehicle sales in Europe (in part due to the closure of its Luton van plant).
The £2bn loss came in contrast to the first half of 2024, when the firm posted profits of £4.85bn. The firm posted a net revenuw of €74.3bn (£64.3bn), a 13% year-on-year drop.
This was led by drops in North America and Europe – its two largest markets – where shipments dropped by 191,000 (to 647,000) and 98,000 (to 1.4 million) respectively. Stellantis blamed this on the fall in the number of vehicles exported to the US due to tariffs and a slower than expected take-up of new B-segment vehicles in Europe.
Stellantis said the results could have been worse, but they were offset by significant growth in South America. In the region, the company recorded a 77,000-unit rise in shipments (to 471,000) and €402m (£348m) in post-tax revenue. Growth was driven primarily in Argentina by the Fiat Strada, Fastback and Argo.
Apart from Maserati, Stellantis doesn’t break down its results by manufacturer. The Italian sports car brand recorded a 2300-car drop in deliveries to 4200.
In addition, Stellantis expects harder months to come due to the lingering impact of the US tariffs. Although agreements are being made between US president Donald Trump and key markets such as the UK and the Europe Union, the company estimates that €1.2bn (£1bn) in losses will be incurred across the rest of 2025.
Antonio Filosa, who took over as CEO in June following the departure of Carlos Tavares late last year, said 2025 is “turning out to be a tough year”.
He vowed that the firm's new leadership team will take “the tough decisions needed” to re-establish profit and “significantly improved results” although the nature and outcome of any such decision were not disclosed.
He added: “My first weeks as CEO have reconfirmed my strong conviction that we will fix what’s wrong in Stellantis by capitalising on everything that’s right in Stellantis – starting from the strength, energy and ideas of our people, combined with the great new products we are now bringing to market.”
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