Overview

• Stellantis recorded a €2.3 billion net loss in the first half of 2025 after a €300 million tariff hit and a €3.3 billion pre-tax charge tied to programme cancellations, platform impairments and the elimination of fuel economy penalties.
• North American volumes at Stellantis fell 25% year-on-year in the second quarter, prompting paused production in Canada and Mexico and disrupted shipments of imported models.
• General Motors’ second-quarter adjusted profit plunged 35.4% to $1.9 billion as Trump’s tariffs shaved $1.1 billion off results and full-year tariff costs are forecast at $4 billion to $5 billion.
• GM aims to offset at least 30% of its tariff burden through manufacturing adjustments, targeted cost initiatives, pricing strategies and a $4 billion investment in U.S. plant expansions.
• CFOs at Stellantis and GM warn that tariff expenses could more than double in the second half of 2025 if current trade measures persist.