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The new boss of Stellantis balances the Tavare era by announcing more than 2 billion euros in loss in the first half

On the production line of the Peugeot E-3008 and E-5008 electric models, at the Stellantis factory in Sochaux (Doubs), October 3, 2024.

Stellantis did not wait on Tuesday July 29, the date scheduled for the presentation of its half -yearly results, to let go of the bad news. Monday, July 21, before the opening of the European scholarships, the automaker born in 2021 of the merger of PSA with Fiat-Chrysler warned in a press release: it lost 2.3 billion euros over the first six months of the year 2025. In the first half of 2024, the group had released a net profit of 5.6 billion euros, down 48 % compared to its record level. The forecasts of financial analysts were hardly optimistic, but they still awaited a slightly positive result.

All the factors seem to play against the group chaired by John Elkann, representative of the first Stellantis shareholder, the Agnelli family, and managed, since Detroit (Michigan), by Italian-Brazilian Antonio Filosa, 52. Sales plunge, down 23 % in the United States over the first six months compared to the same period of 2024, and 7 % in Europe. The Maserati brand undergoes a 35 % decline in the world. The second quarter is worse than the first on the commercial level but is not enough to straighten the bar. In parallel, the production costs are higher, the Stellantis press release said. A chisel effect that plunges the operating profit.

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delaney.knight
delaney.knight
A Miami marine reporter, Delaney maps coral-reef heartbreaks with watercolor sketches and policy sidebars.
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