Stellantis Reveals Preliminary, Unreviewed Crucial Data for the Initial Half of 2025
Stellantis N.V., a leading global automaker known for its iconic and innovative brands, has announced a 6% decline in its Q2 2025 global consolidated shipments. This decline, while significant, is not without its underlying causes.
Factors Affecting Stellantis' Q2 2025 Shipments
The key factors contributing to this decline can be attributed to several areas:
Production Halts and Tariff Impacts in North America
The early effects of US tariffs resulted in €0.3 billion of net tariffs incurred and loss of planned production related to the Company's response plan. This led to a 25% year-over-year decline in shipments in North America, with Q2 shipments declining approximately 109 thousand units compared to the same period in 2024.
Product Transition Challenges in Europe
Product transition factors, such as the slow rollout of the new “Smart Car” platform, have also contributed to shipment declines in Europe. In Enlarged Europe, Q2 shipments declined approximately 50 thousand units, representing a 6% year-over-year decline.
Higher Industrial Costs and Restructuring Efforts
In addition, higher industrial costs and restructuring efforts have increased operational pressure and negatively affected overall performance. The preliminary financial data for the First Half 2025 includes approximately €3.3 billion of pre-tax net charges related to program cancellations, platform impairments, and restructuring initiatives.
Adverse Regional Mix, Lower Pricing, and Foreign Exchange Headwinds
Adverse regional mix, lower pricing, and foreign exchange headwinds also played a role in the shipment decrease, reflecting tougher market conditions globally.
Looking Ahead
Stellantis' CFO Doug Ostermann will host a conference call on Monday, July 21, at 8:30 a.m. EDT / 2:30 p.m. CEST to discuss the preliminary first half of 2025 financial figures and answer analyst questions. The dial-in for the conference call is available in the Investors section of the Company's website.
Despite these challenges, Stellantis continues to navigate through industry transitions, including the shift from internal combustion engines to full electrification, and faces various risks such as product liability and warranty claims, environmental claims, investigations, and lawsuits. The Company's ability to access funding, produce or procure electric batteries with competitive performance, cost, and at required volumes, and successfully manage this transition are critical factors affecting its future performance.
[1]: Stellantis N.V. has published preliminary and unaudited financial information for the First Half of 2025. [2]: The results for the First Half 2025 were adversely affected by higher industrial costs, geographic and other mix factors, and changes in foreign exchange rates. [3]: The charges are primarily related to program cancellation costs, platform impairments, the recent legislation eliminating the CAFE penalty rate, and restructuring. [4]: Changes in local economic and political conditions, trade policy, and tariffs targeted to the automotive industry can significantly impact Stellantis' operations.
Businesses in the automotive industry, such as Stellantis N.V., are facing significant challenges in terms of finance and investing, as demonstrated by the 6% decline in its Q2 2025 global consolidated shipments. One factor affecting this decline is the increased operational pressure due to higher industrial costs and restructuring efforts, which led to approximately €3.3 billion of pre-tax net charges in the first half of 2025. Additionally, the slow rollout of new electric vehicle platforms and regional mix, lower pricing, and foreign exchange headwinds have contributed to the decline in shipments.
