European automotive giant Stellantis faces €1.5 billion hit from US tariffs this year
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Euronews.com
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The second-largest carmaker in Europe, Stellantis, predicts a €1.5 billion loss due to US tariffs, with net profits dropping from €5.6 billion last year. The company burned €3.3 billion on a hydrogen project cancellation and faced additional losses from US carbon regulations. Political and labor pressures may increase due to potential plant shutdowns and union disputes. Despite a 13% revenue drop to €74.3 billion, Stellantis expects improved cash flow and net revenues in the next six months, with new CEO Antonio Filosa committed to restoring profitable growth. Teljes cikk (Euronews.com)