Stellantis is forecasting that U.S. tariffs would cost the carmaker $1.7 billion this year, five times the hit taken in the first six months of the year when the carmaker tallied losses of $2.65 billion.

CEO Antonio Filosa said that Stellantis supports U.S. President Donald Trump’s strategy to boost the creation of jobs and U.S. auto production “using also tariffs as a tool,’’ Filosa said. Filosa, who was confirmed as chief executive last month,

Stellantis warned on Tuesday of a 1.5-billion-euro ($1.7 billion) hit from U.S. tariffs this year, but pledged new vehicle launches to reconnect with customers as its new CEO tries to get the automaker back on track after a dismal 2024.

Automaker warns of massive hits to earnings from President Trump's tariffs, as it take steps to build more vehicles in U.S.

It will take more than restoring gas-guzzling muscle cars to Stellantis' lineup to bring the company back from the brink. Executives warned that "tough decisions" are yet to come in the second half.

Stellantis CEO Antonio Filosa admits it has been a difficult year for the automaker, but he says the company is focused on kick-starting a recovery. Stellantis released first-half financial results that showed a €2.

In a new statement released on July 29, multinational auto conglomerate Stellantis reported significant losses during its first half of the year, despite reinstating its financial guidance for 2025. The Chrysler,

Stellantis (STLA) slipped more than 3% premarket on Tuesday as the European automaker projected a €1.5 billion net tariff hit for 2025, with €0.3 billion already incurred in H1.