Stellantis' financial losses less concerning for ‘stable' Windsor Assembly Plant, analyst says
A large financial blow to Stellantis is not expected to cause major changes at the Windsor Assembly Plant, according to an automotive analyst.
On Monday, the auto giant reported preliminary estimates showing a 2.3 billion Euros (US$2.68 billion) net loss through the first half of 2025.
'It won't help them that's for sure, and Stellantis is already in a decent spot of trouble,' said David Kennedy, the Toronto Bureau Chief for Automotive News Canada.
At the heart of the automaker's losses are U.S. tariffs and other charges.
It's estimated tariffs will create an added cost of about 300 million euros tacked on to its bottom line.
Compared to the Brampton Assembly Plant, where Stellantis has hit pause on $1.3 billion retooling plans, Kennedy noted production is more 'stable' in Windsor.
'We've seen announcements of a couple-week shutdowns at a time since tariffs were announced, but Windsor is a little bit more insulated, simply based on the fact that they're already up and running, they're not retooling,' Kennedy explained.
Kennedy added the company still has plans in Windsor for 'reliable' minivan production as well as the Daytona.
'Basically, the Windsor plant is on firmer footing than Brampton,' Kennedy said.
In a statement to CTV News, Lana Payne, Unifor's national president, said the financial findings add to 'mounting uncertainty' for the auto sector.
'For Unifor members in Canada, particularly at the Brampton and Windsor Assembly Plants, today's news only adds to mounting uncertainty,' Payne said.
'This is partly the company's own doing but also reflective of the damaged economic conditions for automakers that's entirely Donald Trump's fault.'
Payne went on to add that any level of permanent tariffs will 'devastate' the auto industry.
Stellantis is set to release its final results for the first half of the year on July 29.
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