Driving the news: Stellantis $STLA ( ▼ 6.05% ) confirmed it will accrue $1.7 billion in tariff costs for 2025 after reporting a $2.67 billion first-half loss, though the automaker reinstated financial guidance for the remainder of the year.
For context: The official results confirmed preliminary numbers released a week earlier after the company said analyst expectations were too optimistic.
The automaker reported a net loss of $2.6 billion, compared with a $6.4 billion profit over the same time period last year.
And total revenues equaled $86 billion, a 13% drop compared with the first half of 2024.
Why it matters: New CEO Antonio Filosa, who took over in May after Carlos Tavares was ousted, faces enormous pressure to turn around the struggling company.
What we're watching: Whether Filosa can deliver on his promise to "fix what's wrong" and revive American brands like Dodge, Jeep, and Chrysler that dealers and employees say were not well-supported.
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