Driving the news: Stellantis $STLA ( ▲ 11.54% ) is expecting a massive $2.68 billion net loss for the first half of 2025, citing early impacts from U.S. tariffs and other operational restructuring challenges hitting the Jeep and Ram maker hard.
For context: The automaker's preliminary figures show first-half revenue dropping to $81.7 billion from $93.4 billion last year, with second-quarter vehicle shipments falling 6% globally.
North American shipments plunged 25% in the second quarter as the company reduced manufacturing and imports of tariff-hit vehicles.
Stellantis suspended its full-year financial guidance in April and appointed new CEO Antonio Filosa in May after predecessor Carlos Tavares resigned.
What we're watching: The company's stock has already dropped 38% this year, and investors will be watching the automaker’s full results on July 29 for signs of a turnaround plan.
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