Stellantis N.V. has reported a challenging first half for 2025, posting net revenues of €74.3 billion — a 13% decline compared to H1 2024. The drop, largely driven by weakened performance in North America and Enlarged Europe, was compounded by foreign exchange pressures, industry tariffs, and a sharp dip in European light commercial vehicle (LCV) volumes. Despite the headwinds, the company is signaling a pivot, with a new CEO at the helm and a fresh product wave underway aimed at reigniting momentum.
Changing of the Guard: Antonio Filosa Takes the Wheel
On June 23, 2025, Antonio Filosa officially assumed the role of CEO, following a unanimous appointment by the Stellantis Board in late May. With a reputation for people-first leadership and an extensive internal track record, Filosa is tasked with steering the 14-brand auto giant through an increasingly volatile global market.
In one of his first major moves, Filosa unveiled a restructured leadership team featuring a mix of proven executives and rising talent, many of whom are taking on expanded roles for the first time. The reshuffle reflects a strategic emphasis on operational agility and a sharper customer focus. Filosa’s confirmation as an executive director and Board member was finalized at the Extraordinary General Meeting held on July 18.
New Metal Hits the Market Amid Commercial Recovery Push
While the financials show a company under pressure, Stellantis is betting on product-led growth to drive recovery. The first half of 2025 saw the launch of four new models — the Citroën C3 Aircross, Fiat Grande Panda, Opel/Vauxhall Frontera, and the Ram ProMaster Cargo BEV — alongside key updates to volume drivers like the Ram 2500/3500 Heavy Duty, Citroën C4/C4X, and Opel Mokka.
These efforts are already bearing fruit, with Stellantis gaining 127 basis points in EU30 market share versus the second half of 2024. North America also showed signs of life with improved order books, suggesting a stronger performance ahead.
Looking forward, Stellantis is doubling down on its model offensive, with 10 new vehicles slated for launch in 2025. These include three highly anticipated STLA Medium platform products — the Jeep Compass, Citroën C5 Aircross, and DS No8 — set to join the already-debuted Peugeot 3008, 5008, and Opel/Vauxhall Grandland in the second half of the year.
The Ram brand is also responding to customer demand, confirming the return of the 5.7-liter HEMI® V-8 in the 2026 Ram 1500, arriving at dealerships in late 2025. Other key returns include the hybrid Jeep Cherokee and the ICE-powered Dodge Charger SIXPACK, both of which have been on hiatus since 2023. The new four-door Charger Daytona is also set to expand the iconic muscle car’s lineup.
Peugeot thrilled fans with the return of the GTi badge, unveiling the all-new 208 GTi at the 24 Hours of Le Mans in June. Meanwhile, in South America, the Fiat Titano pickup has been relaunched in Argentina with new powertrain options and is now being produced locally in Córdoba.
Tariff Pressures and Strategic Planning
The global trade environment remains a drag on Stellantis’ performance. The company now estimates its net tariff impact for 2025 at around €1.5 billion, with €0.3 billion already absorbed in H1. Stellantis says it remains actively engaged with policymakers and is continuing long-term scenario planning to mitigate future trade-related risks.
H2 2025 Outlook: A Measured Rebound in Sight
Despite a bruising first half, Stellantis is reintroducing financial guidance for H2 2025. It expects an increase in net revenues, low-single-digit adjusted operating income (AOI), and improved industrial free cash flow (FCF), assuming no major changes to current trade policies.
In a statement, Filosa remained cautiously optimistic:
“My first weeks as CEO have reconfirmed my strong conviction that we will fix what’s wrong in Stellantis by capitalizing on everything that’s right – starting from the strength, energy and ideas of our people, combined with the great new products we are now bringing to market.
2025 is turning out to be a tough year, but also one of gradual improvement.”
As the company battles rising external pressures and internal transformation, one thing is clear — Stellantis is not standing still. With new leadership, a refreshed portfolio, and a resolve to adapt, the second half of 2025 could mark the beginning of a new chapter.
Source: Stellantis