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Stellantis has forecast that U.S. tariffs would cost it 1.5 billion euros ($1.7 billion) this year, five times the hit taken in the first six months of the year when the carmaker tallied losses of 2.3 billion euros ($2.65 billion).The maker of Jeep, Chrysler, Fiat, and Peugeot cars said Tuesday that net profits plummeted from 5.6 billion euros ($6.5 billion) in the same period last year as it burned 3.3 billion euros ($3.8 billion) in cash for the cancellation of a hydrogen fuel cell project, changes in the fine regime for U.S. carbon emission regulations, and write-downs on platform investments.U.S. President Donald Trump's tariffs cost the company 300 million euros ($346 million) in the first six months of the year, Stellantis said. During the period, U.S. shipments were down by nearly a quarter as the carmaker reduced the importation vehicles produced abroad.Stellantis said it expected net revenues to increase over the next six months compared with the first half of the year, when t

Stellantis (STLA) reinstated its full-year outlook Tuesday after suspending it in April due to uncertainty around tariffs.

Stellantis shares dropped 4.3% on the Milan exchange on Tuesday after the automotive group reinstated its full-year guidance, only to fall short of investor expectations.

Shares of health device maker Phillips rallied as much as 14% on Tuesday as the company lifted its earnings guidance despite a hefty hit from tariffs.

Auto giant Stellantis has touted a gradual recovery over the coming months.

Stellantis said on Tuesday it expected higher net revenue and a low-single digit operating income margin in the second half despite increasing headwinds, as the automaker aimed for a gradual recovery after a tough first half.

Stellantis guided on Tuesday for increased net revenues and a low-single digit operating income margin in the second half despite increasing headwinds, as the automaker aims for a gradual recovery after a tough first half.

Europe's carmakers, already battling stiff competition from Asia and a costly transition to electric cars, were dealing with another dose of reality on Monday - tariffs imposed by U.S. President Donald Trump.

In the most recent trading session, Stellantis (STLA) closed at $9.58, indicating a -7.35% shift from the previous trading day.

Stellantis is the parent company of major car brands like Dodge, Chrysler, and Jeep.