Stellantis warns of $2.7 billion loss for 1st half of 2025 due to tariffs and some big charges
impact of about 300 million euros for net tariffs incurred,
planned production losses related to implementing its response plan.
Stellantis also expects approximately 3.3 billion euros ($3.84 billion) of pre-tax net charges mostly related to program cancellation costs and platform impairments, restructuring and the net impact of recent legislation eliminating the CAFE penalty rate.
I take that writeoff of “program cancellation and platform impairments” as models built in Canada or Mexico that will be dropped, rather than moved to the US.
Steve