Stellantis has suspended its 2025 financial guidance due to tariff-related uncertainties and is working with policymakers to reduce impact of trade policies.
The company has reported 14% decrease in net revenues to €35.8bn for the first quarter of 2025, compared to the same period last year.
The automotive giant attributes this downturn to a combination of lower volumes, an adverse regional mix, and price normalisation.
For the quarter ending 31 March 2025, consolidated shipments fell by 9% to 1,217 thousand units.
The company has pinpointed the main causes of this reduction to be the extended holiday downtime in January in North America, product transitions, and a drop in light commercial vehicle (LCV) volumes in Enlarged Europe.
In light of these challenges, Stellantis has announced the suspension of its financial guidance for 2025.
The company cites the evolving tariff policies and the difficulty in forecasting their potential impact on market volumes and the competitive landscape as reasons for this decision.
Stellantis launched three new products during the first quarter including the Fiat Grande Panda; Opel/Vauxhall Frontera; and Citroën C3 Aircross.
The refreshed Opel/Vauxhall Mokka, along with the Ram 2500 HD and Ram 3500 HD, also hit the market, the company said.
Stellantis chief financial office Doug Ostermann said: “While Q1 2025 top-line results were below prior-year levels, other KPIs reflect early, initial progress on our commercial recovery efforts. North America is at a very early stage, with improvement in retail order intake, while we are seeing sequential improvement in EU30 market share.
“At the same time, the company is benefiting from its diverse geographic footprint, as our “Third Engine” regions delivered in Q1 2025 positive year-on-year growth in aggregate.”
In April 2025, Stellantis disclosed plan to temporarily lay off 900 hourly workers across its five facilities in the US.
At that time, Stellantis said it plans to suspend operations at its Windsor Assembly plant in Canada for two weeks, impacting close to 4,500 employees.
