Stellantis, father or mother firm for trade giants like Jeep, Dodge, and Ram, made the daring transfer to droop its full-year monetary steerage again in April, citing uncertainties concerning tariffs. On Monday, the corporate revealed some preliminary estimates for the primary half of 2025, now that the tariffs have begun to take impact. And the numbers aren’t wanting good.

The auto conglomerate expects a internet lack of $2.68 billion via the primary half of the 12 months. Stellantis additionally launched international supply numbers for the second quarter of 2025, revealing a damaging 6 p.c change in shipments, together with a large 25 p.c drop for North America—equal to round 109,000 models.

Particularly, Stellantis expects a $300 million hit to its enterprise immediately from tariffs incurred by its shipments.

The remainder of the loss was blamed on the cancelation of deliberate manufacturing, carried out in response to tariffs, in addition to unspecified actions taken to “enhance efficiency and profitability,” the outcomes of which will not be mirrored till the second half of 2025. The corporate additionally mentions greater industrial prices, geographic components, and modifications in overseas trade charges.

As for the drop in gross sales, Stellantis lists a number of causes for the decline. The corporate pointed the blame to decrease fleet gross sales and “product transition components.” These embrace Sensible Automobile’s new line of autos and the recently-revealed Fiat 500 hybrid, neither of which has but to ramp as much as full manufacturing.

It isn’t all unhealthy, although. Whereas North America and Europe noticed declines, Stellantis’s different areas noticed massive positive aspects. The Center East and Africa had been up 30 p.c, whereas South America was up 20 p.c. 

Photograph by: Jeep

That is all to say, Antonio Filosa has numerous work to do. The newly minted CEO, appointed in Might, stated in a previous assertion that “[t]right here is nothing mistaken at Stellantis that can’t be fastened with what is true at Stellantis.” The corporate has additionally shrugged off rumors it might offload struggling manufacturers like Maserati to enhance money circulation, or idle manufacturers like Chrysler to streamline prices. 

With tariffs now in full impact, we can’t have to attend lengthy to see how Filosa’s imaginative and prescient shakes out.