Jeep Maker Stellantis Reinstates Outlook, Sees $1.73B Tariff Impact

Stellantis (STLA) reinstated its full-year outlook Tuesday after suspending it in April due to uncertainty around tariffs.

The Big Three automaker had swung to a net loss in the first half of the year, as it struggled with tariffs, restructuring costs, and a sales slump. The company said it now expects a tariff impact of around 1.5 billion euros ($1.73 billion) this year, 300 million euros of which was incurred in the first half of the year. 

Stellantis shares, which entered Tuesday down by more than a quarter so far this year, are down more than 3% in premarket trading.

The company reported first-half adjusted earnings per share (EPS) of 0.18 euros, well below analysts’ estimates, on revenue of 74.26 billion euros, a 13% drop year-over-year. Analysts polled by Visible Alpha expected 0.42 euros and 74.64 billion euros, respectively.

“My first weeks as CEO have reconfirmed my strong conviction that we will fix what’s wrong in Stellantis by capitalizing on everything that’s right in Stellantis – starting from the strength, energy and ideas of our people, combined with the great new products we are now bringing to market,” Stellantis CEO Antonio Filosa said.

Filosa acknowledged that “2025 is turning out to be a tough year, but also one of gradual improvement.” He noted that there are signs of progress “despite intensifying external headwinds.”