FILE PHOTO: A view shows the logo of Stellantis at the entrance of the company's factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol/File Photo
MILAN: Stellantis expects a net loss of 2.3 billion euros ($2.7 billion) for the first half, it said on Monday, after booking around 3.6 billion euros in charges due to restructuring and impairment costs and the initial hit from U.S. tariffs.
The preliminary result, which compares with a 5.6 billion euro net profit a year earlier, underscores the automaker's ongoing struggle and the challenge for new CEO Antonio Filosa, who was appointed in May after poor results in 2024 led to the ousting of former boss Carlos Tavares.
