Stellantis Warns of $2.7 Billion Loss for 1st Half of 2025 Due to Tariffs and some Big Charges
9 Articles
9 Articles
Donald Trump tariff impact: Jeep parent company Stellantis sees $2.7 billion loss; revenue dips 12.6%
Stellantis reported a substantial net loss of 2.3 billion euros in the first half of the year, impacted by new US tariffs and significant charges related to legislative changes. North American sales declined sharply, prompting production adjustments and program cancellations. The company is implementing measures to improve performance amidst economic and regulatory uncertainty, anticipating a stronger second half.
Tariffs could cost consumers more than $200 per month: Yale report
A recently released analysis from The Budget Lab at Yale estimates consumers could pay an additional $2,800 per year if new tariffs take effect Aug. 1. Lab Director of Economics Ernie Tedeschi said Monday grocery prices could be a big driver, rising as much as 4% over the next 12 to 24 months. “Four percent over the next year or...
Business confidence subdued amid tariffs but 'worst-case' less likely: BoC survey
A pair of reports from the Bank of Canada say tariff-related uncertainty continued to put a damper on business and consumer sentiment in the second quarter, but the worst-case trade scenarios previously anticipated seem less likely.
'Get the tariff removed,' head of Canadian auto-parts group says after Stellantis estimates huge 1st-half loss
Stellantis, the maker of Jeep and Ram vehicles, says preliminary estimates show a 2.3-billion euro (nearly $3.7-billion Cdn) net loss in the first half of the year due to U.S. tariffs and hefty charges. The news prompted swift reaction from the head of Canada's Automotive Parts Manufacturers' Association (APMA).
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