The Malaise from Stellantis does not end. On Monday, the Italian-French car manufacturer published preliminary financial figures for the first half of the year, which illustrate the extent of its economic difficulties. The parent company of Opel and 13 other brands has therefore far away from the profit zone. The bottom line is that the net loss is 2.3 billion euros. For comparison: In the same period last year, Stellantis was still highly profitable with a net profit of 5.6 billion euros. Also in the second half of 2024, when the problem cascade started, the net loss was still manageable with 127 million euros. Stellis still suffered particularly high profits from the consequences of a missed price and product policy on the US market, where the group with its Jeep, Dodge, RAM and Chrysler brands achieved particularly high profits in the past. There are also the trade conflicts. Stellantis meet the higher import duties to the United States particularly strongly, since according to analyst estimates, the group manufactures more than 40 percent of its cars sold there in Mexico and Canada. The new Stellis Managing Director Antonio FilosaaPauch in Europe recently ran anything but Rosig-the group of FCA (FIAT Chrysler) and PSA (Peugeot-Citroën-Opel), which was created in 2021. The reasons are the reasons in the model offer, quality defects and an exaggerated focus on electric vehicles. The management, at the top of which the Italian Antonio Filosa has recently been located, named four factors on Monday that had “a significant influence” on the billion dollar loss in the first half of the year. Firstly, there are “measures to improve performance and profitability”, i.e. investments to bring the group back into shape according to the extreme austerity policy of Filosa’s predecessor Carlos Tavares. Thirdly, there are around 3.3 billion euros in net effort before taxes, thirdly negative effects on the margin, among other things through higher “industrial costs” and exchange rate changes. Finally, fourthly, the first effects of the US tariffs, the volume of which had amounted to 300 million euros, felt noticeable. The curve continues to show off the Stellanti Stockets for the bad figures, and the share price was noted at the start of the trade. The descent continues. The stock market value has shrunk to less than 23 billion euros after it had been more than 80 billion euros in the first half of 2024 and competitor Volkswagen. On Monday, the management emphasized that new products are expected to “bring bigger advantages” in the second half of 2025. The net effort before taxes of around 3.3 billion euros is also due, among other things, at the expense of program corrections and restructuring, which should be temporary at least at this level. What is concerned with the paragraph, but the curve for Stellantis pointed down to the end. The group estimated the consolidated sales for the period April to June on Monday at 1.4 million units. That is six percent less than in the same period – and “reflects the temporary production stalls at the beginning of the quarter in response to the new tariffs in North America”, according to Stellantis. More on the topic, the “weakened, but still negative effects of the conversion of the product range in Europe, where several important models are still in the high running phase or their market performance The second half of 2025 is planned ”. In North America, deliveries went by 25 percent in the second quarter compared to the same period last year and therefore above average. In Europe, the minus was six percent. In other regions, such as the Middle East and Africa, Stellantis was able to achieve double -digit growth rates, but in terms of volume they are hardly significant for the overall group. Florian Huettl, head of Opel and Stellantis Germany, is confident, at least with regard to electromobility in Germany. “Germany is by far the largest electric market in Europe again,” he said in an interview with the F.A.Z. There is “very clearly movement on the demand side”. He assumes that Opel will sell more than half of all vehicles fully electrically or electrified this year, says Huettl.
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