Her new CEO of StellantisAntonio Filosa, he offered investors a first taste of his plan to reshape the troubled car industry for a world market car remodelled by US President Donald Trump.
Stellantis CEO announced Monday (21.7.2025) an unexpected net loss of 2.3 billion euros ($ 2.7 billion) for the first half – analysts expected a small profit – according to Bloomberg, as the fiat SUV manufacturer and the Fiat cars of vehicles and hydrogen vehicles to take into account reduced demand. Trump has reduced US support for electric cars since he returned to the White House.
Filosa, who has been in place for about a month, is clearing up due to the problematic status in the automotive industry. Trump’s moves increase costs and overturn global supply chains, while Chinese manufacturers led by BYD invade the European cars market.
Stellantis’s problems are more serious at the former North American profit center, where its missions declined by 25% in the second quarter, after Filosa’s predecessor Carlos Tavares enraged traders and trade unions with a series of painful cost cuts.
Stelantis today announced about 3.3 billion euros in net costs before tax which carried out in the first half – mainly due to expenses from the cancellation of expensive programs, including one for hydrogen with Michelin and Forvia SE, and the shift of electric investments to hybrid vehicles. The company also cited one About 300m euros from Trump’s dutiesas he lost production and responded to the higher duties.
Stellantis’s shares declined up to 3.8% in Milan. The stock has fallen by about 39% this year.
But the reversal of her luck there can take some time, as the strict Tavares cost cuts – such as replacing metal components with plastic in durable vehicles – removed long -term clients and harm Stellantis’s steady series of brands and also RAM.
Philosa, who lives in the US and previously directed Jeep, also fights with surplus production capacity in Europe, where traditions remain sluggish and some of its brands, especially Maserati, which manufactures luxury cars, burn money. The company’s global vehicle missions decreased by 6% in the second quarter amid reductions in North America and Europe.
The company has still issued a new financial guidance for this year due to uncertainties on how the duties will evolve. Stelantis said it has published preliminary data on the first half of today to face the differences between the forecasts of analysts and its performance during this period.
Any changes to the strategy were postponed by the long -term search for Stellantis chief executive after Tavares’ departure in December. President John Elkann finally ended up with Naples Filosa, an experienced expert in the company who joined Fiat in 1999 and later climbed into the hierarchy as a protector of the late Fiat Chrysler Sergio Marchionne.