Stellantis Has Spent €1.5 Billion On US Import Taxes

The majority of these costs, approximately €1.2 billion, are expected in the second half of the year. In the first six months of 2025, the levies already had a negative impact of €300 million.

The carmaker confirmed a net loss of €2.3 billion in the first half of the year. This is partly due to declining sales figures and the impact of US import duties.

Earlier this month, Stellantis released preliminary half-year results and warned of billions in losses. Chief Financial Officer Doug Ostermann indicated that the impact of the tariffs would likely be “significantly” greater in the second half.

Stellantis’ sales volumes fell sharply, particularly in North America, by 25 percent. In early April, the US imposed a 25 percent tariff on imported cars manufactured outside the country. Under the recently reached trade agreement between the US and the EU, European cars are now subject to a 15 percent tariff.

According to new CEO Antonio Filosa, 2025 will be a “difficult year” for Stellantis. However, the Italian, who took over as CEO in June, also sees signs of improvement. Volumes and revenue increased compared to the second half of 2024, despite “increasing external headwinds.” The company also hopes to boost sales with new models, including a hybrid Jeep Cherokee and the Dodge Charger Sixpack with a combustion engine.

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