The company says analysts’ predictions missed the mark, as it posted a $2.7 billion loss on revenue
- Stellantis expects a net loss of $2.68 billion during the first half of the year.
- It attributes this setback to tariffs, higher costs, pre-tax net charges, and more.
- Second-quarter shipments to North America are down by 25% year over year.
Stellantis has decided to break from the usual script and share a preliminary look at its financial performance for the first half of 2025. This kind of early disclosure isn’t standard practice, and in this case, it’s clearly meant to get ahead of some less-than-rosy analyst expectations.
As the company puts it, “The disclosure of the following preliminary financial data for the First Half 2025 is intended to address the difference between these analyst consensus forecasts and the Company’s performance for the period.”
More: Hundreds Of Jobs Gone As JLR Grapples With Tariffs And Jaguar’s Sales Collapse
In other words, it sees some analysts’ forecasts and wants to make clear that they probably aren’t very accurate. For example, it expects a $2.7 billion loss on revenue of $86.9 billion over the first half of the year. Over the same period in 2024, it achieved a $6.58 billion profit with $99 billion in revenue.
The automaker blamed that huge deficit on four main issues. Some of it comes down to the company spending in the first half of the year to hopefully provide “larger benefits in the second half of 2025,” it says.
External Pressures and Internal Costs
It also blamed pre-tax net charges, higher industrial costs, geographic and other mix factors, and changes in foreign exchange rates. The really interesting part was that Stellantis openly acknowledged the impact of US tariffs as one of the key factors, as they resulted in a $348 million hit and a loss of planned production. Speaking of production and delivery, the company says U.S. shipments are way down.
In fact, it’s down by some 109,000 units in Q2 alone compared to the same time in 2024. That’s a 25 percent decline, and it’s only one piece of the puzzle. Stellantis says that year-over-year sales are down 10 percent despite being “relatively flat” in the U.S. To its credit, Ram and Jeep are up 13 percent year over year to this point.
According to Reuters, CEO Antonio Filosa told employees in an email that 2025 would be “a year of gradual and sustainable improvement,” despite a “tough first half, with increasing external headwinds. Despite difficulties, it has also been six months of meaningful progress compared to the second half of 2024.”
All of this looks a bit rough right now, but perhaps it’s better than dropping what some might consider to be a bomb on July 29 when full financial results come out. We’ll have to wait till then to see how all the numbers truly shake out.
