Stalentis vows to re -connect with customers as it is a $ 2.4B CDN tariff hit for 2025

Salentis warned 1.5 billion euros (about $ 2.4 billion CDN) on Tuesday on Tuesday Hit us with tariff This year, but promised to launch a new vehicle to re -connect with customers as its new CEO tried to bring back the automekar back to the track after a disappointing of 2024.

In its first public presence as CEO, the company’s legendary Antonio Philosa stated that the priority was to return to volume growth.

He said, “This means that … apart from new products, the expansion of our lineups that are very close to the customer’s demands,” he said citing the decision to re-present the hemi eight-cylinder engine for Ram trucks.

The matching-listed stocks caused morning loss in stellentis and increased by 3.8 percent after Philosa’s call with analysts. They closed 0.2 percent.

The French-Italian-American Automekar estimates a less——–up up difference on its adjusted operating income in the second half of 2025, “incredibly difficult” after the first half.

“The first half was … nowhere where we want and should be,” Philosa said.

“We still have tons to work. In particular, we are focusing on bringing the products back to the segment, where we have been absent,” he said, without expanding beyond the V8 RAM.

Philosa was appointed in May in May, when former boss Carlos Thawres was excluded after a devastating performance in a disastrous American market in December.

“I don’t like the blame, I like responsibility and accountability,” Philosa told analysts.

The forecast of stalentis for the second half, which has been described by analysts as unclear, includes high net revenue and improves industrial free cash flow compared to the first half, when it was burnt through cash 3 billion euros (about $ 4.8 billion).

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The company said the forecasts were based on tariff rules after a weekend trade agreement between the European Union and the United States.

1.5 billion-euro tariff effects-The first half includes 300 million euros (about $ 476 million)-the last week is at a high end of the forecast range of 1.0 billion to 1.5 billion euros, when Salentis released initial figures for the first half, which was widely confirmed on Tuesday.

challenges ahead

Asked if he plans to streamline the 15 brands stalentis -spread portfolio, including Jeeps, Puzo, Chrysler and Fiat, Philosa said it was a “strength” against the contestants.

“We want to do it better. We want to be more effective and efficient in our brand portfolio management,” he said.

In April, Stalentis withdrew his guidance for a moderate recovery this year after a 70 percent net profit down in 2024, due to the uncertain effect of US tariff.

Sunday EU-US framework trading deal Most of the European Union goods applied 15 percent of US import tariffs – half a threat rate.

However, stalentis, mostly in contact with 25 percent of levy, have been applied by the US on Mexico and Canada, at the top of the current 2.5 percent tariff, with more than 40 percent of the 1.2 million vehicles, it was sold in the US imported last year with more than 40 percent of the vehicles.