Stellantis has outlined the sizeable impact of US tariffs – which apply to imported vehicles and parts – on its business. The company expects tariffs to reduce its earnings by around €1.5bn this year – with the bulk of that sum incurred in the second half. It also said it is adjusting production to optimise tariff mitigation impacts.

Stellantis said on Tuesday it faced greater headwinds this year including a 1.5-billion-euro impact from U.S. tariffs for 2025, with operating income in the second half set to be in the low-single digits following a tough first half.

Automaker warns of massive hits to earnings from President Trump's tariffs, as it take steps to build more vehicles in U.S.