Stellantis, the maker of Jeep and Ram vehicles, says its preliminary financial figures show an estimated 2.3 billion euros ($2.68 billion) net loss in the first half of the year partly due to U.S. tariffs and some hefty charges.

Stellantis expects more impact from U.S. tariffs on vehicles and auto part imports in the second half of 2025, the company said on Monday as it reported a preliminary 2.3 billion euro ($2.7 billion) net loss for the first six months of the year.

"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."

The company reported preliminary losses of $2.7 billion on $83 billion in revenue for the first six months of the year, compared to a profit of $6.5 billion on nearly $100 million in revenue in

Company estimates US tariffs cost it 300 million euros (S$449 million) in first-half. Read more at straitstimes.com. Read more at straitstimes.com.

Stellantis, the world's fourth-largest carmaker, faces a net loss of €2.3 billion in the first half of the year due to US tariffs and program cancellation costs. The automaker anticipates additional financial challenges and has appointed Antonio Filosa as CEO in response to strategic shifts.

The company, which owns Jeep, Peugeot, Fiat and other brands, said it might soon have to begin raising prices.