Stellantis is not having a smooth ride in 2025. The carmaker reported a net loss of 2.3 billion euros ($2.7 billion) for the first half of the year. The reason? Big costs from restructuring, project shutdowns, and the early hit from new U.S. tariffs.
Last year, Stellantis had a net profit of 5.6 billion euros in the same period. This year, things look very different. The company said it had to take 3.6 billion euros in charges. This includes cancelled programs like hydrogen vehicle projects and changes in platform plans.
Why Stellantis Is Struggling
The auto giant is facing several issues. First, the U.S. tariffs alone cost 300 million euros. Then came project cancellations and emission regulation updates, especially for the American market. These led to a total of 3.3 billion euros in pre-tax charges.
Stellantis also had to deal with lower sales. Vehicle shipments in the second quarter dropped by 6%, down to about 1.4 million units.
To be clear, this is not just a bad quarter. It’s a sign that the company is going through major changes—and pain. And the new CEO has work cut out.
A New CEO With a Tough Job
After disappointing results in 2024, Antonio Filosa was named CEO in May 2025. He replaced Carlos Tavares, who was shown the door after the poor numbers.
Filosa now has to steer a struggling ship. His first six months show just how much work needs to be done.
In fact, Stellantis took the rare step of sharing early financial data just to show how bad things are. They wanted to be transparent because analyst forecasts were too far from reality.
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Revenues Drop, Cash Burn Increases
In terms of revenue, Stellantis made 74.3 billion euros in the first half. That’s a drop from 85 billion euros in the first half of 2024.
Even worse, the company burned through 2.3 billion euros in cash. That’s a serious warning sign.
Earlier this year, Stellantis had already suspended its forecast for 2025. Now we know why.
What Comes Next?
The big question now is: Can Stellantis recover?
With a bold new CEO and the worst behind them (hopefully), the company might find its way back. But for now, the road ahead looks rough.
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