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Stellantis, the parent company of Chrysler, Dodge, Jeep and Ram, said tariffs and higher costs led to big losses in the first ...
Paris (AFP) — Jeep owner Stellantis said Tuesday it sees sales revenue and profitability rebounding in the second half of the year despite taking a 1.5-billion-euro ($1.7-billion) hit from US tariffs.
For the first half, the maker of car brands including Jeep, Fiat, Peugeot and Ram posted a 13% drop in net revenue.
KEY TAKEAWAYS Stellantis reinstated its full-year outlook Tuesday after suspending it in April due to uncertainty around ...
Stellantis NV sees tariffs setting back earnings by about €1.5 billion (US$1.7 billion) this year as higher duties hit the Jeep maker’s already struggling North American business.
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 ...
Stellantis is forecasting that U.S. tariffs would cost the carmaker $1.7 billion this year, five times the hit taken in the ...
Stellantis said today it expected higher net revenue and a low-single digit operating income margin in the second half despite increasing headwinds, as the car maker aimed for a gradual recovery after ...
Stellantis (STLA) slipped more than 3% premarket on Tuesday as the European automaker projected a €1.5 billion net tariff hit ...
Stellantis said Tuesday it expects U.S. tariffs to cost the company 1.5 billion euros ($1.7 billion) this year, five times ...
Stellantis' financial guidance was based on an assumption that current tariff and trade rules will remain in place. It comes ...