The Chrysler, Dodge, Jeep, and Ram parent is seeing red in its numbers
In a new statement released on July 29, multinational auto conglomerate Stellantis reported significant losses during its first half of the year, despite reinstating its financial guidance for 2025. The Chrysler, Dodge, Jeep, and Ram Trucks parent reported a net loss of €2.3 billion (~$2.7 billion) during the first half of 2025, while net revenues took a 13% year-over-year dip compared to the same period in 2024.
Notably, Stellantis faced a slowdown in vehicle shipments in various key markets during this period. Shipments of vehicles in North America dropped by 23% while tariffs affected vehicle inventories. At the same time, European vehicle deliveries took a 7% dip due to a slow introduction of critical new B-segment cars, while numbers in China, India, and the Asia Pacific region also showed red. Though some of the losses were recouped due to a 20% sales boost in South America and a 5% increase in the Middle East and Africa region, it shipped a total of 2.69 million vehicles globally, an 8% YoY dip.
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In a statement, Stellantis CEO Antonio Filosa stated that his first weeks as the company’s CEO had reconfirmed his “strong conviction” that he and his team would “fix what’s wrong in Stellantis by capitalizing on everything that’s right in Stellantis,” adding that its people, ideas, and new products are a major part of its strength. However, he also warns that the way forward will not come easily, as it already faces a tough road ahead.
“2025 is turning out to be a tough year, but also one of gradual improvement. Signs of progress are evident when comparing H1 2025 to H2 2024, in the form of improved volumes, Net revenues, and AOI, despite intensifying external headwinds,” he said. “Our new leadership team, while realistic about the challenges, will continue making the tough decisions needed to re-establish profitable growth and significantly improved results.”
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Filosa remains confident of Stellantis’s bounce back
Despite the numbers on the sheets showing bright red, Filosa maintained his confidence when financial sector analysts grilled him during the Q&A section of the live webcast and conference call that took place 90 minutes before the morning bell rang on Wall Street on July 29. In response to a question that Bernstein Automotive Equity Analyst Stephen Reitman asked about the confidence U.S. dealers have since Filosa took the helm, the newly appointed CEO noted that he and his peers “committed in a much better dialogue with our dealer networks, especially in U.S.,” adding that products like the Ram 1500 Express are a proof of that concept.
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“[The Ram 1500 Express] came out from a constructive dialogue of the network with the Brand, is now restoring our presence there, and we see good orders coming in,” Filosa told the Bernstein Analyst. “[…] our order book is mainly driven by retail orders. Our dealer network grew more than 90% over here. And this is a clear demonstration of that confidence, which is an enduring process to build day by day through relationships, and also through good business.”
Additionally, in response to a question from J.P. Morgan Global Autos and European Autos Equity Research Head José M. Asumendi about improving Stellantis’s growth in the U.S., Filosa credited the passage of the recent Republican tax and spending bill for opening up an opportunity to expand its offerings and prioritize more profitable vehicles.
“The recently signed by President Trump, big, beautiful bill of the Fourth of July, gives us more flexibility in choosing a better margin-optimized mix between the ICE version and the electrified version of the models that we sell. And this will mean to us a lot of additional profit, and also volumes that are much closer to the end customer demand.”
Final thoughts
It is not surprising that an automaker that imports vehicles from EU member states like Italy and Poland, as well as Mexico and Canada, will have this much of a tariff impact on its bottom line.
Nonetheless, Filosa’s rightsizing of Stellantis has yet to fully impact the market. In the short span of months, we have already seen the return of the Hemi V8 in the RAM 1500, the return of the fabled SRT brand, and even the return of influential figureheads like Tim Kuniskis in consequential positions. Filosa knows that keeping Stellantis in the black isn’t a process that happens overnight or even within a few quarters. Let’s hope Filosa can produce results.