Stellantis Jeep Owner Claims Corner Turn Secured

Stellantis Anticipates Turnaround After 2.3 Billion‑Euro Half‑Year Loss

Key Financial Highlights

• First‑half net loss: €2.3 billion
• Impact of U.S. import tariffs: €1.5 billion (first half: €300 million)
• Operating margin expectations: low single digits in the latter half
• Target margin under former CEO: double‑digit; current level: 0.7 %
• Product wave planned for 2025: 10 new models

Strategic Leadership Changes

• New chief executive: Antonio Filosa (incumbent since June)
• Filosa’s restructuring: €2 billion removed from low‑prospect programs, including hydrogen fuel cell vehicles
• Focus shift toward higher‑pollution models re‑introduced after CAFE target relaxation

External Headwinds and Market Response

• U.S. tariff uncertainty led to the suspension of financial guidance
• Recent U.S. tax and spending legislation eliminated penalties for non‑compliance with CAFE fuel‑economy targets
• Result: Stellantis can expand its lineup with pickup trucks and muscle cars previously phased out

Shareholder Impact

• Paris trading day: shares fell 3.7 % (overall market up 0.5 %)
• Year‑to‑date decline: 37 % from start of the year, 70 % from the early‑2024 peak