Stellantis expects $2.7 billion net loss in H1
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Company estimates US tariffs cost it 300 million euros (S$449 million) in first-half. Read more at straitstimes.com. Read more at straitstimes.com.
Stellantis N.V. STLA-N expects more impact from U.S. tariffs on vehicles and auto part imports in the second half of 2025, the company said on Monday as it reported a preliminary 2.3-billion-euro (US$3.6-billion) net loss for the first six months of the year.
Stellantis may have to close factories due to the risk of hefty European Union fines for not complying with CO2 emission targets.
The company says it is staring down the possibility of fines totaling up to $2.95 billion within two to three years
BRUSSELS (Reuters) -Volkswagen, Stellantis, 13 other carmakers and their car association were fined a total of 458 million euros ($495 million) by EU antitrust regulators on Tuesday for taking ...