Stellantis, global deliveries down. The first effects of the tariffs are worth $300 million.

MILAN – The trade war is weighing heavily on Stellantis . In the second quarter of 2025, the Italian-French company delivered 1.4 million cars worldwide, a 6% decrease from the previous year. Management blames "production pauses related to the imposition of North American tariffs ." Precisely because of the tariffs and the "planned loss of production related to the implementation of the company's response plan," Stellantis estimates an additional outlay of €300 million .

Added to this is the limited but negative impact of product transition in the broader Europe, where several major models are either accelerating after recent launches or awaiting production starts scheduled for the second half of 2025. The stock is off to a weak start on the stock market, down 3% to 7.67 euros.

Half-year revenues estimated at 74.3 billion

For the full six-month period, Stellantis estimates global revenues of 74.3 billion euros and a net loss of 2.3 billion, while adjusted operating profit is positive at 0.5 billion.

The release of the preliminary data caught the market by surprise, given that the half-yearly financial results were scheduled for July 29. In the absence of financial guidance, which the company suspended on April 30, 2025, financial analysts' forecasts are currently the primary indicator for market expectations. The group, led by new CEO Antonio Filosa , decided to publish the preliminary data to "bridge the gap between analysts' forecasts and the company's performance for the period."

Male North America and Europe

Geographically, in the three months ended June 30, 2025, North America shipments decreased by approximately 109,000 units compared to the same period in 2024, a 25% decline year-over-year, due to several factors, including "reduced production and shipments of imported vehicles, which were more impacted by tariffs, and lower sales to corporate fleets." In Europe , shipments decreased to approximately 50,000 units (-6% year-over-year), primarily due to product transition factors.

In other regions, Stellantis increased deliveries by 22% to a total of 71,000 units, thanks mainly to a 30% increase in the Middle East and Africa and a 20% increase in South America. Finally, it continues to hold the leadership position in South America , with a 43,000 unit increase year-on-year, benefiting from sector growth, especially in Argentina and Brazil.