Stellantis has outlined the sizeable impact of US tariffs – which apply to imported vehicles and parts – on its business.

The company expects tariffs to reduce its earnings by around €1.5bn this year – with the bulk of that sum incurred in the second half. It also said it is adjusting production to optimise tariff mitigation impacts.

As reported recently, reduced sales and production due to import tariffs contributed to a 25% drop in Stellantis’ North American sales in the second quarter.

In published results for the first half of 2025, Stellantis reported net revenues of €74.3bn, down 13% compared to H1 2024. This decline was primarily driven by North America and Europe, it said. There was also a net loss of €2.3bn.

Volkswagen Group has also reported a dent in profitability caused by the impact of tariffs on its international shipments.

Stellantis sales (consolidated shipments) were down 7% to 2.7m units in H1.

Recently appointed CEO Antonio Filosa, CEO said: “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.

“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.”

Stellantis said commercial recovery actions included the launch of four new models in H1 2025: Citroën C3 Aircross, Fiat Grande Panda, Opel/Vauxhall Frontera, Ram ProMaster Cargo BEV, as well as significant updates to popular products like the Ram 2500 and 3500 Heavy Duty, Citroën C4/C4X and Opel Mokka.

Stellantis plans to launch 10 new models in 2025, including three STLA Medium products in H2 2025: Jeep Compass, Citroën C5 Aircross and DS No8, complementing the recently launched STLA Medium-based Peugeot 3008, 5008 and Opel/Vauxhall Grandland.