Tariffs Drag Stellantis Deep Into the Red – and Will Get Worse in 2nd Half, Automaker Warns
Tariffs Drag Stellantis Deep Into the Red – and Will Get Worse in 2nd Half, Automaker Warns
Stellantis reported a preliminary loss of $2.7 billion for the first half of 2025 – and the second half is looking to be even worse, the automaker warned Monday, putting much of the blame on Pres. Donald Trump’s automotive tariffs. Add program cuts and other issues and it creates some big challenges for new CEO Antonio Filosa. More from Headlight.News.
New Stellantis CEO Antonio Filosa isn’t wasting time. He’s shaking up the automaker’s executive ranks – the latest move seeing Ram boss Tim Kuniskis expand his roll to include North American Marketing and Retail Strategy – while also reviving the old Street and Racing Technology division better known simply as SRT. More from Headlight.News.
It’s not only one of the most versatile models in the British marque’s line-up, with the addition of the new Speed package, the Bentley Bentayga becomes one of the fastest and most powerful. Here’s a first look on Headlight.News.
Stellantis has a new CEO. After a nearly 6-month search, Antonio Filosa steps into the vacancy created by the unexpected resignation of Carlos Tavares last December. The 51-year-old Filosa faces some serious challenges, including weak sales by key brands Ram and Jeep. He may also face the question of whether to abandon some of the 14 Stellantis brands, such as Chrysler and Fiat. More from Headlight.News.
Honda is cutting its planned investment in battery-electric vehicles by 30%, its CEO citing “the current market slowdown.” The automaker still plans to launch two all-new “0-Series models” next year but will slow down and stretch out development of other all-electric products. It’s not likely to be the last automaker to rethink EV spending, reports Headlight.News.
Sales of the all-electric Dodge Charger Daytona have been underwhelming. The Fratzonic exhaust hasn’t been music to the ears of muscle car mavens, but to bolster the numbers, a gas-powered version is coming. To make room, Dodge cut the R/T base model leaving only the all-electric Scat Pack available for 2026. Get details at Headlight.News.
Nearly a half year after the unexpected resignation of Carlos Tavares, the founding chief executive of Stellantis, the Euro-American automaker has yet to name a replacement. But the search may be coming to an end, according to a new report which says Antonio Filosa, currently the head of Americas operations for Stellantis, has become the leading candidate.
Stellantis reported Wednesday a 14% slide in revenues for the first quarter. The Euro-American automaker had previously forecast a turnaround later in the year but said during a webcast it was suspending future guidance in the face of Pres. Trump’s new auto tariffs. It joins GM and Mercedes in warning that sales and earnings could be at risk. More from Headlight.News.
The promised turnaround at Stellantis all but sputtered out during the first quarter as sales in the U.S. dropped by double digits. With the search for a new CEO still ongoing, the Euro-American automaker struggles to find its direction, reports Headlight.News.
Back when Lee Iacocca was running Chrysler the company famously offered motorists a chance to “Buy a Car, Get a Check.” These days, the automaker is part of a trans-Atlantic conglomerate and Stellantis has a new pitch aimed at its U.S. union workers: quit your job and get a check. More from Headlight.News.
EV adoption rates are middling, but trying to get traditional muscle car mavens to accept an all-electric model, like the new Dodge Charger Daytona, has the Dodge folks working overtime. The brand’s new Charger Virtual Experience gives them one more tool to do just that. Check out the story at Headlight.News.