Stellantis Reports Huge Losses Due to US Tariffs | JQJO

Stellantis reported a significant drop in net profits to 2.3 billion euros ($2.65 billion) in the first half of the year, primarily due to US tariffs costing 1.5 billion euros ($1.7 billion) and the cancellation of a hydrogen fuel cell project. US tariffs alone cost 300 million euros in the first six months, resulting in a 25% decrease in US shipments. While the company expects improved cash flow and revenue in the second half of the year, incoming CEO Antonio Filosa acknowledged the need for tough decisions to restore profitable growth.