Jeep maker Stellantis warns of a shock $2.7 billion loss
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"This has been a tough first half, with increasing external headwinds," the new CEO said in a letter, adding there's also been "meaningful progress."
Stellantis reported a substantial net loss of 2.3 billion euros in the first half of the year, impacted by new US tariffs and significant charges related to legislative changes. North American sales declined sharply,
The reality here is that Stellantis doesn’t even need to pump out an SRT model for every single buyer. Dealers will benefit simply from having new halo models in the news, the showroom, and on lots. Buyers who want one but don’t qualify will be more willing to check out models that are similar.
Jeep Wagoneer introduces two smart new options: the value-packed Limited and the upscale Super, designed to fit various buyer needs.
Stellantis has officially welcomed Antonio Filosa as its new CEO, a move that shareholders have strongly endorsed. Filosa takes over from Carlos Tavares, who was ousted from his role last December.