Stellantis expects $2.7 billion 1st half loss
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This earnings season is revealing the real impact of President Trump’s steep tariffs on European automakers. CNBC’s Silvia Amaro takes a look under the hood.
Stellantis on Monday reported a $3.7-billion loss for the first half of 2025 and General Motors reported its net income plummeted 35 per cent to $2.58 billion in the second quarter from $4 billion in the same quarter of 2024.
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The company reported preliminary losses of $2.7 billion on $83 billion in revenue for the first six months of the year, compared to a profit of $6.5 billion on nearly $100 million in revenue in
“A world with tariffs is unacceptable for us,” Beato said. “A world with tariffs puts our plant in a vulnerable position, even more so than it is now, and not only for our plant, but all of southern Ontario and the whole auto industry.”
General Motors was the second auto company this week, after Stellantis, to show the toll that President Trump’s trade policies are taking on the industry.