Stellantis NV's new Chief Executive Officer Antonio Filosa offered investors a first glimpse of his plan to overhaul the struggling automaker for a global car market that's being reshaped by U.S. President Donald Trump.

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.

Stellantis expects a $2.7 billion loss in early 2025, driven by U.S. tariffs and restructuring—an abrupt shift from last year’s profits.

"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 posted a loss of $2.7 billion in the first half of 2025, deepening woes after a 70% profit drop in 2024.

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.