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News

Stellantis H1 2025 Revenues Down €11 Billion

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

News

Audi’s Biggest Transformation Yet: Will It Pay Off?

Audi AG is navigating a turbulent 2025 with a blend of strategic transformation, electrification momentum, and international expansion—even as the company contends with intensified global challenges, including U.S. import tariffs and restructuring costs.

In the first half of the year, Audi Group revenue rose by 5.3% to €32.6 billion, while operating profit dropped sharply to €1.1 billion, down from €2 billion in the same period last year. Net cash flow stood at €0.9 billion, impacted by both lower earnings and the acquisition of Sauber Holding AG.

“The situation continues to be very challenging,” admitted Audi CFO Jürgen Rittersberger. “In addition to intense competitive pressure, the drastically increased U.S. tariffs and our own transformation expenses have clearly impacted our performance.” Nonetheless, Rittersberger underscored the necessity of these transformation efforts, highlighting Audi’s Performance Program as key to improving long-term profitability.

Electrification Fuels Growth

Despite a dip in total deliveries—down nearly 6% to 794,088 units across the Brand Group Progressive (Audi, Bentley, Lamborghini, and Ducati)—Audi’s electric offensive is paying dividends. Fully electric vehicle (BEV) deliveries surged 32% year-over-year, surpassing 101,000 units globally in H1. Standout performers include the Audi Q4 e-tron (approx. 45,000 units) and the new Audi Q6 e-tron (36,000 units).

Markets such as France (+196%), the Netherlands (+86%), and Germany (+76%) reported especially robust BEV growth, reinforcing Audi’s commitment to electrification. Incoming orders for all-electric models in Western Europe climbed an impressive 70%.

CEO Gernot Döllner emphasized the significance of the brand’s current momentum: “By the end of 2025, we will have the youngest model portfolio in the premium segment. Electrification is central, but our realignment also includes optimizing our team structure, processes, and strategic focus.”

Audi plans to launch ten new plug-in hybrid models by the end of 2025, further diversifying its electrified lineup.

Regional Performance: Mixed Results

Europe saw stable performance with EV growth (+46%) cushioning a 4% overall decline. Germany stood out with a modest 1% increase in total deliveries, driven by nearly 21,000 electric units sold.

China, Audi’s largest market, proved more challenging. Deliveries fell 10% to under 288,000 units amid fierce local competition. However, Audi is gearing up for a product push in the second half of the year, including the China-exclusive Audi Q6L e-tron and A5L variants.

North America also faced headwinds. Deliveries declined 9%, with BEVs down 4%. The delayed impact of Audi’s model initiative and macroeconomic conditions weighed on performance.

Brand Group Highlights: Lamborghini Holds, Bentley and Ducati Down

While Lamborghini remained a steady performer with 5,681 units sold (+2%), Bentley saw an 11% decline to 4,876 vehicles. Ducati also posted a 5.7% dip in motorcycle deliveries. Despite the drops, all three brands continue to contribute positively to the Group’s financials, with Lamborghini maintaining a strong 26.6% operating margin.

Financial Outlook: Adjusted but Ambitious

Audi has revised its full-year guidance amid ongoing restructuring and geopolitical friction. Revenue is now expected to land between €65 billion and €70 billion, with an operating margin of 5–7%. Net cash flow is forecast at €2.5–3.5 billion.

The Group’s financial result fell 24.3% to €593 million, partly due to lower returns from China. Profit after tax also slipped 37.5% year-over-year to €1.35 billion.

Still, optimism remains. Audi recently secured the 2025 AutomotiveINNOVATIONS Award for most innovative premium brand—a testament to the brand’s focus on future mobility and technology. In partnership with American EV maker Rivian, Audi is also co-developing next-gen software-defined vehicle (SDV) platforms, signaling a push to enhance digital infrastructure and long-term tech leadership.

The Road Ahead

Audi is clearly in a state of transformation—one marked by tough financial trade-offs but driven by a clear vision: sustainability, innovation, and global competitiveness. With a pipeline full of new electric and hybrid models, ongoing investment in software capabilities, and a leaner operational structure, the brand is preparing not just to weather current storms, but to thrive in the next era of premium mobility.

Source: Audi

News

Kia Hits Record Q2 Revenue with Hybrid Momentum, Despite Profit Dip

Kia Corporation has posted its strongest-ever second-quarter revenue, fueled by surging global demand for hybrid models and strategic new product launches. Yet, profitability took a hit amid higher incentives and a challenging trade environment.

In its Q2 2025 earnings release, Kia reported revenue of KRW 29.35 trillion, up 6.5% year-over-year—a new quarterly record for the South Korean automaker. This performance was driven by robust hybrid vehicle sales, a favorable exchange rate, and a higher average selling price across key global markets.

Global vehicle sales reached 814,888 units, a 2.5% increase over Q2 2024 and also a new quarterly record. In Korea, Kia saw a 3.2% sales rise, with 142,535 units sold, while international markets recorded a 2.3% uptick to 672,353 units.

However, operating profit fell 24.1% to KRW 2.77 trillion, with the company citing intensified global competition, increased incentives, and trade volatility. Still, Kia maintained an operating margin of 9.4%, among the highest in the global automotive industry. Net profit declined 23.3% year-on-year to KRW 2.27 trillion.

Electrified Push Powers Growth

A key highlight for the quarter was Kia’s performance in the electrified vehicle segment. The automaker sold 185,000 electrified units globally—a 14% jump compared to the same period last year. These include hybrids (HEVs), plug-in hybrids (PHEVs), and battery electric vehicles (BEVs), now accounting for 23.4% of Kia’s total global sales.

Hybrid sales were the standout performer, climbing 23.9% to 111,000 units. BEVs also saw an 8.3% increase, totaling 59,000 units, while PHEV sales dipped 16.8% to 16,000 units.

The Carnival Hybrid MPV and K4 sedan led the charge in North America, while in Korea, the launch of the EV4 electric sedan and Tasman pickup helped drive momentum. India was another bright spot, where the introduction of the Syros SUV spurred significant sales growth. In contrast, Europe saw a mild sales decline, reflecting broader market softness and anticipation ahead of the updated Sportage PE launch in Q3.

Looking Ahead: More Hybrids, More EVs

Kia remains cautious yet optimistic for the rest of 2025, expecting continued global market uncertainty. The automaker plans to respond with agile production and inventory strategies, emphasizing profitability and customer value over volume.

In Korea, Kia is doubling down on hybrids with upcoming versions of the Sportage, Sorento, and Carnival. It also plans to expand its EV portfolio with the EV5 and PV5 later this year.

In the U.S., Kia aims to maintain production flexibility while prioritizing high-demand hybrid models. Europe will see the highly anticipated EV4 sedan in Q3, reinforcing Kia’s electrification ambitions in the region. Meanwhile, India will welcome the Carens Clavis EV, the country’s first fully electric, locally built Kia model.

Globally, Kia is on track to complete its full EV lineup by 2026, including the EV2, EV4, and EV5, while growing its hybrid offering with models like the Telluride Hybrid and Seltos Hybrid.

Bottom Line

Kia’s Q2 2025 performance underscores its transition strategy toward electrification, with hybrids serving as a critical bridge to a full-EV future. While short-term profitability is under pressure, the company’s solid sales growth, strong hybrid momentum, and ambitious product pipeline position it well for long-term resilience in an evolving global auto market.

Source: Kia