Reported about 16 hours ago
Stellantis, the parent company of Chrysler and Jeep, announced a projected net revenue of €74.3 billion for the first half of 2025, alongside a significant net loss of €2.3 billion, largely due to tariff-related challenges. The company has seen a 26% drop in stock value this year and has been grappling with declining sales and production adjustments as it seeks to optimize operations amidst an uncertain market landscape. Recent tariff agreements may provide some relief, but concerns about product viability and ongoing tariff impacts on North American production persist.
Source: YAHOO