Overview
- Stellantis confirmed a €2.3 billion H1 net loss and forecast a €1.5 billion hit from U.S. tariffs for 2025, reinstating guidance for a second-half recovery with low-single-digit operating margins.
- CEO Antonio Filosa has cut €2 billion of underperforming programs, including hydrogen fuel cell projects, to drive improved cash flow and profitability.
- Ford took an $800 million tariff charge in Q2 and raised its annual tariff estimate to $3 billion, prompting a reduction of full-year adjusted EBIT guidance to $6.5–7.5 billion.
- Mercedes-Benz saw Q2 profit drop nearly 70 percent to €957 million due to U.S. duties and soft China demand, and now projects full-year revenue significantly below last year.
- Porsche said tariff expenses shaved €400 million from first-half EBIT and cut its 2025 return on sales target to 5–7 percent from 14.1 percent.