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Zawya
21 minutes ago
- Zawya
Stellantis publishes preliminary and unaudited key figures for first half 2025
Dubai, United Arab Emirates – Stellantis N.V. is publishing today certain preliminary and unaudited financial information for the First Half of 2025, in addition to its global quarterly consolidated shipment estimates and commentary on related trends. In the absence of financial guidance, which was suspended by the Company on April 30, 2025, financial analyst consensus forecasts currently constitute the primary metric for market expectations. The disclosure of the following preliminary financial data for the First Half 2025 is intended to address the difference between these analyst consensus forecasts and the Company's performance for the period. Preliminary financial information for the First Half 2025(2): The following factors had a significant impact on results in the first half of 2025: The early stage of actions being taken to improve performance and profitability, with new products expected to deliver larger benefits in the Second Half of 2025 Approximately €3.3 billion of pre-tax net charges, primarily related to program cancellation costs and platform impairments, net impact of the recent legislation eliminating the CAFE penalty rate, and restructuring, which are excluded from Adjusted Operating Income(3) consistent with the Company's definition of AOI Adverse impacts to AOI from higher industrial costs, geographic and other mix factors, and changes in foreign exchange rates The early effects of US tariffs – €0.3 billion of net tariffs incurred as well as loss of planned production related to implementation of the Company's response plan Financial results for the First Half 2025 will be released as scheduled on July 29, 2025 and a call will be hosted on that day by CEO Antonio Filosa and CFO Doug Ostermann. Global consolidated shipment volumes for the Second Quarter of 2025: Stellantis today also publishes its consolidated shipment estimates. The term 'shipments' describes the volume of vehicles delivered to dealers, distributors, or directly from the Company to retail and fleet customers, which drive revenue recognition. Consolidated shipments for the three months ending June 30, 2025, were an estimated 1.4 million units, representing a 6% decline y-o-y, reflecting North American tariff related production pauses early in the quarter, in addition to reduced, but adverse impacts of product transition in Enlarged Europe, where several important nameplates are either in the ramp-up phase after recent launches, or awaiting production launches scheduled for the second half of 2025. Refer to page 4 for an explanation of the items referenced on this page In North America, Q2 shipments declined approximately 109 thousand units compared to the same period in 2024, representing a 25% y-o-y decline, due to factors including the reduced manufacture and shipments of imported vehicles, most impacted by tariffs, and lower fleet channel sales. Total sales declined 10% y-o-y, with U.S. retail sales relatively flat, and with the region's two largest brands, Jeep® and Ram, collectively delivering 13% higher sales y-o-y. Enlarged Europe Q2 shipments declined approximately 50 thousand units, representing a 6% y-o-y decline, due primarily to product transition factors. The recently-launched 'Smart Car' platform B-segment vehicles continue to ramp up to their full production levels, and prior year comparisons are affected by the hiatus of Fiat 500 ICE pending the arrival of its mild-hybrid successor. Shipments of the four Smart Cars (Citroën C3 and C3 Aircross, Opel/Vauxhall Frontera and Fiat Grande Panda) increased 45% sequentially in the Q2 2025 period, or 25 thousand units, compared to the Q1 2025 period. Across Stellantis' other regions, shipments grew 71 thousand units in aggregate, representing a 22% increase y-o-y, mainly driven by a 30% increase in Middle East & Africa and a 20% increase in South America. In Middle East & Africa shipments were up 29 thousand units, mainly driven by increased volumes in Türkiye and positive developments in Egypt, Algeria and Morocco. Stellantis continues its leadership in South America, with a 43 thousand unit y-o-y increase benefiting from higher industry volumes, especially in Argentina and Brazil. Refer to page 4 for an explanation of the items referenced on this page Management Conference Call: Stellantis CFO Doug Ostermann will host a conference call to discuss the preliminary first half of 2025 financial figures, and answer analyst questions. Time: Monday, July 21, at 8:30 a.m. EDT / 2:30 p.m. CEST Dial-In: Available in the Investors section of the Company's website ( NOTES Consolidated shipments only include shipments by Company's consolidated subsidiaries, which represent new vehicles invoiced to third party (dealers/importers or final customers). Consolidated shipment volumes for Q2 2025 presented here are unaudited and may be adjusted. Final figures will be provided in our H1 2025 Results. Analysts should interpret these numbers with the understanding that they are preliminary and subject to change. Adjusted Operating Income/(Loss) excludes from Net profit/(loss) adjustments comprising restructuring and other termination costs, impairments, asset write-offs, disposals of investments and unusual operating income/(expense) that are considered rare or discrete events and are infrequent in nature, as inclusion of such items is not considered to be indicative of the Company's ongoing operating performance, and also excludes Net financial expenses/(income) and Tax expense/(benefit). Unusual operating income/(expense) are impacts from strategic decisions, as well as events considered rare or discrete and infrequent in nature, as inclusion of such items is not considered to be indicative of the Company's ongoing operating performance. Unusual operating income/(expense) includes, but may not be limited to: impacts from strategic decisions to rationalize Stellantis' core operations; facility-related costs stemming from Stellantis' plans to match production capacity and cost structure to market demand, and convergence and integration costs directly related to significant acquisitions or mergers. Adjusted Operating Income/(Loss) Margin is calculated as Adjusted operating income/(loss) divided by Net revenues (4) Industrial Free Cash Flows is our key cash flow metric and is calculated as Cash flows from operating activities less: (i) cash flows from operating activities from discontinued operations; (ii) cash flows from operating activities related to financial services, net of eliminations; (iii) investments in property, plant and equipment and intangible assets for industrial activities, (iv) contributions of equity to joint ventures and minor acquisitions of consolidated subsidiaries and equity method and other investments; and adjusted for: (i) net intercompany payments between continuing operations and discontinued operations; (ii) proceeds from disposal of assets and (iii) contributions to defined benefit pension plans, net of tax. The timing of Industrial free cash flows may be affected by the timing of monetization of receivables, factoring and the payment of accounts payables, as well as changes in other components of working capital, which can vary from period to period due to, among other things, cash management initiatives and other factors, some of which may be outside of the Company's control. In addition Industrial free cash flows is one of the metrics used in the determination of the annual performance for eligible employees, including members of the Senior Management. About Stellantis Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world's leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today's customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit For more information, contact: CONTACTS stellantis@ Stellantis Forward-looking Statements This communication contains forward-looking statements. In particular, statements regarding future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, future financial and operating results, the anticipated closing date for the proposed transaction and other anticipated aspects of our operations or operating results are forward-looking statements. These statements may include terms such as 'may', 'will', 'expect', 'could', 'should', 'intend', 'estimate', 'anticipate', 'believe', 'remain', 'on track', 'design', 'target', 'objective', 'goal', 'forecast', 'projection', 'outlook', 'prospects', 'plan', or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on Stellantis' current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the ability of Stellantis to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; Stellantis' ability to successfully manage the industry-wide transition from internal combustion engines to full electrification; Stellantis' ability to offer innovative, attractive products and to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; Stellantis' ability to produce or procure electric batteries with competitive performance, cost and at required volumes; Stellantis' ability to successfully launch new businesses and integrate acquisitions; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in Stellantis' vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in Stellantis' vehicles; changes in local economic and political conditions; changes in trade policy, the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the level of governmental economic incentives available to support the adoption of battery electric vehicles; the impact of increasingly stringent regulations regarding fuel efficiency requirements and reduced greenhouse gas and tailpipe emissions; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which may increase due to consolidation and new entrants; Stellantis' ability to attract and retain experienced management and employees; exposure to shortfalls in the funding of Stellantis' defined benefit pension plans; Stellantis' ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the operations of financial services companies; Stellantis' ability to access funding to execute its business plan; Stellantis' ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with Stellantis' relationships with employees, dealers and suppliers; Stellantis' ability to maintain effective internal controls over financial reporting; developments in labor and industrial relations and developments in applicable labor laws; earthquakes or other disasters; risks and other items described in Stellantis' Annual Report on Form 20-F for the year ended December 31, 2024 and Current Reports on Form 6-K and amendments thereto filed with the SEC; and other risks and uncertainties. Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements. Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis' financial results, is included in Stellantis' reports and filings with the U.S. Securities and Exchange Commission and AFM.
Zawya
an hour ago
- Zawya
Jordan: Hybrid vehicle imports surge by 31% in H1 2025
AMMAN — The hybrid vehicles cleared for the local market during the first half of 2025 rose by 31 per cent, reaching 6,834 units compared with 5,197 in the same period last year, marking an increase of 1,637 vehicles, according to figures released on Monday by the Jordan Free Zone Investor Commission (JFZIC). Despite this increase, overall vehicle clearance activity from the Zarqa Free Zone to the domestic market declined by 9 per cent in the same period, the Jordan News Agency, Petra, reported. A total of 30,782 vehicles were cleared this year until June, down from 33,954 vehicles in the first half of 2024, recoding a decrease of 3,172 vehicles. Representative of the of the automobile sector at the JFZIC Jihad Abu Nasser attributed the drop to shifts in consumer demand and the impact of recent regulatory and tax measures, particularly those affecting electric vehicles. He noted that several vehicle categories saw a downturn, including electric and diesel models. Clearance of electric vehicles fell by 17 per cent, with 18,816 units processed compared with 22,604 in the same period last year, marking a decrease of 3,788 vehicles. Diesel vehicle clearances dropped sharply by 31 per cent to 2,379 units, compared with 3,470 vehicles in the first half of 2024. Gasoline vehicle clearances remained "relatively" stable, recording a "slight" increase of 3 per cent. The number of gasoline-powered cars cleared rose from 2,683 to 2,753, with an increase of 70 vehicles. Re-export activity from the free zones posted strong growth, with vehicle exports increasing by 67 per cent. A total of 39,641 vehicles were re-exported in the January-June of 2025, up from 23,796 in the same period of 2024, marking an increase of 15,846 vehicles. Abu Nasser said that the robust re-export growth underscores the responsiveness of Jordan's free zones to regional market demands, particularly from Syria and Iraq. He stressed that the decline in local market clearances, combined with changes in consumer preferences and new policies, highlights the need for regulatory clarity and a stable investment environment. Abu Nasser added that the commission continues to monitor these developments 'closely' due to their significant impact on the vehicle sector and investment activity in the free zones, Petra reported.
UAE Moments
2 hours ago
- UAE Moments
How Often Should You Replace Your Car Battery in the UAE?
The day your car refuses to start is not the day your battery suddenly failed, it's the day it finally gave up after struggling for a while. A typical car battery lasts around 3–5 years, but in the harsh heat and humidity of the UAE, its life drops drastically, often just 1–2 years at best. The intense summer temperatures, stop-and-go traffic, and high air conditioner usage all take a toll. Join our FREE WhatsApp channel to dive into a world of real-time engagement! So how do you know it's time to replace your battery before you're stuck in a parking lot or on Sheikh Zayed Road? If you notice any of the following warning signs, it's time to get your battery tested and replaced. 1. Check Engine Light Is On If your check engine light turns on, it could mean many things from a loose gas cap to a serious engine issue. But it can also indicate a weak or dying battery. A quick battery test by a mechanic can tell you if the battery is to blame. 2. Your Car Backfires Frequent backfiring is a sure sign something's wrong and often it's the battery. A weak battery can cause uneven sparks, leading to unburnt fuel building up in the cylinders. When it finally ignites, you hear that loud bang. If this happens, get your battery checked immediately. 3. Dim Lights or Slow Cranking Are your headlights dim, or does your car crank more slowly when you turn the key? These are clear signs your battery isn't providing enough power. A sluggish start means the battery is on its last legs. 4. Clicking Sound When Starting If you hear a rapid clicking noise when trying to start your car, it means the battery doesn't have enough power to turn over the engine. This is one of the most common signs of a failing battery. 5. Rotten Egg Smell If you pop the hood and smell rotten eggs, it's likely due to a leaking battery releasing sulfuric gas. This is a serious issue, a leaky battery can damage other car components. Have it replaced right away. Stay Ahead of Battery Trouble In the UAE's extreme climate, it's smart to have your car battery checked every year, especially after the first year. Replacing it before it completely dies saves you time, stress, and the hassle of being stranded. If you notice any of these signs, don't wait for the car to stop running. Head to a trusted mechanic and replace your battery. It's a small investment that keeps you moving safely on the road.
