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The Advertiser
23-07-2025
- Automotive
- The Advertiser
Peugeot, Ram parent posts A$4.1 billion loss, forecasts more tariff trouble
Stellantis, the parent company of Peugeot, Citroen, Opel, Fiat, Jeep, Ram, Dodge and many others, has posted a €2.3 billion (A$4.1 billion) loss for the first half of 2025. In the same period last year, the company €5.6 billion (A$10 billion). The automaker released unaudited financial and vehicle shipment numbers this week ahead of a call with investors at the end of the month. The numbers include €3.3 billion ($5.9 billion) in charges relating to restructuring and cancelled model programs, including its recent axing of hydrogen fuel-cell development, investments in hybrid for Europe, and returning the Hemi V8 to the Ram pickup range. CarExpert can save you thousands on a new car. Click here to get a great deal. In a letter to employees seen by Reuters, CEO Antonio Filosa said 2025 would be "a year of gradual and sustainable improvement". He noted the first half of the year was "tough", and warned there would be "increasing external headwinds". According to the company, tariff uncertainty caused by President Trump cost the company around €300 million (A$530 million) in the first half. Doug Ostermann, the automaker's chief financial officer, told analysts and Reuters tariffs are expected to cost the company between €1 and €1.5 billion (A$1.8 to A$2.7 billion) this year. These figures show new CEO Antonio Filosa has a lot of work to do to right the French-Italian-American automaker. That said, front-loading as much of the bad news and numbers into this half will give the CEO more room to make changes and to paint any upswing in a more positive light. Vehicle shipments — which are cars invoiced to dealers, importers and buyers — dropped 90,000 or 6.0 per cent compared to the same time last year. The biggest fall occurred in North America where shipments dropped 109,000 units or 25 per cent to 322,000 vehicles. Stellantis said this was partially due to reduced manufacturing and imports due to tariff concerns, as well as lower fleet sales. It was keen to point out Jeep and Ram sales were up 13 per cent collectively. In Europe shipments fell 50,000 vehicles or 6.0 per cent to 722,000, with the automaker citing "product transition" as the reason. It notes that production is still ramping up of the Citroen C3, C3 Aircross, Fiat Grande Panda, and Opel Frontera, which are all based on the Smart Car platform. Also, the Fiat 500 (above) has lost its Italian sales crown as production of the petrol-powered second-generation model has stopped due to the EU's cybersecurity legislation. Fiat has reworked the third-generation 500, launched as an EV-only model, to accept a mild hybrid drivetrain, but volume production won't begin until next year. Strong growth elsewhere helped to mitigate the losses in Europe and North America. South America, where Stellantis is a market leader, was up 20 per cent to 260,000 cars thanks to demand in Brazil and Argentina. The Middle East and Africa was up 30 per cent to 125,000 units on the back of good numbers in Turkey. Maserati, though, was down 7000 units or 22 per cent to just 2500 vehicle shipments. This will no doubt fuel more rumours about its potential sale. Content originally sourced from: Stellantis, the parent company of Peugeot, Citroen, Opel, Fiat, Jeep, Ram, Dodge and many others, has posted a €2.3 billion (A$4.1 billion) loss for the first half of 2025. In the same period last year, the company €5.6 billion (A$10 billion). The automaker released unaudited financial and vehicle shipment numbers this week ahead of a call with investors at the end of the month. The numbers include €3.3 billion ($5.9 billion) in charges relating to restructuring and cancelled model programs, including its recent axing of hydrogen fuel-cell development, investments in hybrid for Europe, and returning the Hemi V8 to the Ram pickup range. CarExpert can save you thousands on a new car. Click here to get a great deal. In a letter to employees seen by Reuters, CEO Antonio Filosa said 2025 would be "a year of gradual and sustainable improvement". He noted the first half of the year was "tough", and warned there would be "increasing external headwinds". According to the company, tariff uncertainty caused by President Trump cost the company around €300 million (A$530 million) in the first half. Doug Ostermann, the automaker's chief financial officer, told analysts and Reuters tariffs are expected to cost the company between €1 and €1.5 billion (A$1.8 to A$2.7 billion) this year. These figures show new CEO Antonio Filosa has a lot of work to do to right the French-Italian-American automaker. That said, front-loading as much of the bad news and numbers into this half will give the CEO more room to make changes and to paint any upswing in a more positive light. Vehicle shipments — which are cars invoiced to dealers, importers and buyers — dropped 90,000 or 6.0 per cent compared to the same time last year. The biggest fall occurred in North America where shipments dropped 109,000 units or 25 per cent to 322,000 vehicles. Stellantis said this was partially due to reduced manufacturing and imports due to tariff concerns, as well as lower fleet sales. It was keen to point out Jeep and Ram sales were up 13 per cent collectively. In Europe shipments fell 50,000 vehicles or 6.0 per cent to 722,000, with the automaker citing "product transition" as the reason. It notes that production is still ramping up of the Citroen C3, C3 Aircross, Fiat Grande Panda, and Opel Frontera, which are all based on the Smart Car platform. Also, the Fiat 500 (above) has lost its Italian sales crown as production of the petrol-powered second-generation model has stopped due to the EU's cybersecurity legislation. Fiat has reworked the third-generation 500, launched as an EV-only model, to accept a mild hybrid drivetrain, but volume production won't begin until next year. Strong growth elsewhere helped to mitigate the losses in Europe and North America. South America, where Stellantis is a market leader, was up 20 per cent to 260,000 cars thanks to demand in Brazil and Argentina. The Middle East and Africa was up 30 per cent to 125,000 units on the back of good numbers in Turkey. Maserati, though, was down 7000 units or 22 per cent to just 2500 vehicle shipments. This will no doubt fuel more rumours about its potential sale. Content originally sourced from: Stellantis, the parent company of Peugeot, Citroen, Opel, Fiat, Jeep, Ram, Dodge and many others, has posted a €2.3 billion (A$4.1 billion) loss for the first half of 2025. In the same period last year, the company €5.6 billion (A$10 billion). The automaker released unaudited financial and vehicle shipment numbers this week ahead of a call with investors at the end of the month. The numbers include €3.3 billion ($5.9 billion) in charges relating to restructuring and cancelled model programs, including its recent axing of hydrogen fuel-cell development, investments in hybrid for Europe, and returning the Hemi V8 to the Ram pickup range. CarExpert can save you thousands on a new car. Click here to get a great deal. In a letter to employees seen by Reuters, CEO Antonio Filosa said 2025 would be "a year of gradual and sustainable improvement". He noted the first half of the year was "tough", and warned there would be "increasing external headwinds". According to the company, tariff uncertainty caused by President Trump cost the company around €300 million (A$530 million) in the first half. Doug Ostermann, the automaker's chief financial officer, told analysts and Reuters tariffs are expected to cost the company between €1 and €1.5 billion (A$1.8 to A$2.7 billion) this year. These figures show new CEO Antonio Filosa has a lot of work to do to right the French-Italian-American automaker. That said, front-loading as much of the bad news and numbers into this half will give the CEO more room to make changes and to paint any upswing in a more positive light. Vehicle shipments — which are cars invoiced to dealers, importers and buyers — dropped 90,000 or 6.0 per cent compared to the same time last year. The biggest fall occurred in North America where shipments dropped 109,000 units or 25 per cent to 322,000 vehicles. Stellantis said this was partially due to reduced manufacturing and imports due to tariff concerns, as well as lower fleet sales. It was keen to point out Jeep and Ram sales were up 13 per cent collectively. In Europe shipments fell 50,000 vehicles or 6.0 per cent to 722,000, with the automaker citing "product transition" as the reason. It notes that production is still ramping up of the Citroen C3, C3 Aircross, Fiat Grande Panda, and Opel Frontera, which are all based on the Smart Car platform. Also, the Fiat 500 (above) has lost its Italian sales crown as production of the petrol-powered second-generation model has stopped due to the EU's cybersecurity legislation. Fiat has reworked the third-generation 500, launched as an EV-only model, to accept a mild hybrid drivetrain, but volume production won't begin until next year. Strong growth elsewhere helped to mitigate the losses in Europe and North America. South America, where Stellantis is a market leader, was up 20 per cent to 260,000 cars thanks to demand in Brazil and Argentina. The Middle East and Africa was up 30 per cent to 125,000 units on the back of good numbers in Turkey. Maserati, though, was down 7000 units or 22 per cent to just 2500 vehicle shipments. This will no doubt fuel more rumours about its potential sale. Content originally sourced from: Stellantis, the parent company of Peugeot, Citroen, Opel, Fiat, Jeep, Ram, Dodge and many others, has posted a €2.3 billion (A$4.1 billion) loss for the first half of 2025. In the same period last year, the company €5.6 billion (A$10 billion). The automaker released unaudited financial and vehicle shipment numbers this week ahead of a call with investors at the end of the month. The numbers include €3.3 billion ($5.9 billion) in charges relating to restructuring and cancelled model programs, including its recent axing of hydrogen fuel-cell development, investments in hybrid for Europe, and returning the Hemi V8 to the Ram pickup range. CarExpert can save you thousands on a new car. Click here to get a great deal. In a letter to employees seen by Reuters, CEO Antonio Filosa said 2025 would be "a year of gradual and sustainable improvement". He noted the first half of the year was "tough", and warned there would be "increasing external headwinds". According to the company, tariff uncertainty caused by President Trump cost the company around €300 million (A$530 million) in the first half. Doug Ostermann, the automaker's chief financial officer, told analysts and Reuters tariffs are expected to cost the company between €1 and €1.5 billion (A$1.8 to A$2.7 billion) this year. These figures show new CEO Antonio Filosa has a lot of work to do to right the French-Italian-American automaker. That said, front-loading as much of the bad news and numbers into this half will give the CEO more room to make changes and to paint any upswing in a more positive light. Vehicle shipments — which are cars invoiced to dealers, importers and buyers — dropped 90,000 or 6.0 per cent compared to the same time last year. The biggest fall occurred in North America where shipments dropped 109,000 units or 25 per cent to 322,000 vehicles. Stellantis said this was partially due to reduced manufacturing and imports due to tariff concerns, as well as lower fleet sales. It was keen to point out Jeep and Ram sales were up 13 per cent collectively. In Europe shipments fell 50,000 vehicles or 6.0 per cent to 722,000, with the automaker citing "product transition" as the reason. It notes that production is still ramping up of the Citroen C3, C3 Aircross, Fiat Grande Panda, and Opel Frontera, which are all based on the Smart Car platform. Also, the Fiat 500 (above) has lost its Italian sales crown as production of the petrol-powered second-generation model has stopped due to the EU's cybersecurity legislation. Fiat has reworked the third-generation 500, launched as an EV-only model, to accept a mild hybrid drivetrain, but volume production won't begin until next year. Strong growth elsewhere helped to mitigate the losses in Europe and North America. South America, where Stellantis is a market leader, was up 20 per cent to 260,000 cars thanks to demand in Brazil and Argentina. The Middle East and Africa was up 30 per cent to 125,000 units on the back of good numbers in Turkey. Maserati, though, was down 7000 units or 22 per cent to just 2500 vehicle shipments. This will no doubt fuel more rumours about its potential sale. Content originally sourced from:
7NEWS
22-07-2025
- Automotive
- 7NEWS
Peugeot, Ram parent posts A$4.1 billion loss, forecasts more tariff trouble
Stellantis, the parent company of Peugeot, Citroen, Opel, Fiat, Jeep, Ram, Dodge and many others, has posted a €2.3 billion (A$4.1 billion) loss for the first half of 2025. In the same period last year, the company €5.6 billion (A$10 billion). The automaker released unaudited financial and vehicle shipment numbers this week ahead of a call with investors at the end of the month. The numbers include €3.3 billion ($5.9 billion) in charges relating to restructuring and cancelled model programs, including its recent axing of hydrogen fuel-cell development, investments in hybrid for Europe, and returning the Hemi V8 to the Ram pickup range. CarExpert can save you thousands on a new car. Click here to get a great deal. In a letter to employees seen by Reuters, CEO Antonio Filosa said 2025 would be 'a year of gradual and sustainable improvement'. He noted the first half of the year was 'tough', and warned there would be 'increasing external headwinds'. According to the company, tariff uncertainty caused by President Trump cost the company around €300 million (A$530 million) in the first half. Doug Ostermann, the automaker's chief financial officer, told analysts and Reuters tariffs are expected to cost the company between €1 and €1.5 billion (A$1.8 to A$2.7 billion) this year. These figures show new CEO Antonio Filosa has a lot of work to do to right the French-Italian-American automaker. That said, front-loading as much of the bad news and numbers into this half will give the CEO more room to make changes and to paint any upswing in a more positive light. Vehicle shipments — which are cars invoiced to dealers, importers and buyers — dropped 90,000 or 6.0 per cent compared to the same time last year. The biggest fall occurred in North America where shipments dropped 109,000 units or 25 per cent to 322,000 vehicles. Stellantis said this was partially due to reduced manufacturing and imports due to tariff concerns, as well as lower fleet sales. It was keen to point out Jeep and Ram sales were up 13 per cent collectively. In Europe shipments fell 50,000 vehicles or 6.0 per cent to 722,000, with the automaker citing 'product transition' as the reason. It notes that production is still ramping up of the Citroen C3, C3 Aircross, Fiat Grande Panda, and Opel Frontera, which are all based on the Smart Car platform. Also, the Fiat 500 (above) has lost its Italian sales crown as production of the petrol-powered second-generation model has stopped due to the EU's cybersecurity legislation. Fiat has reworked the third-generation 500, launched as an EV-only model, to accept a mild hybrid drivetrain, but volume production won't begin until next year. Strong growth elsewhere helped to mitigate the losses in Europe and North America. South America, where Stellantis is a market leader, was up 20 per cent to 260,000 cars thanks to demand in Brazil and Argentina. The Middle East and Africa was up 30 per cent to 125,000 units on the back of good numbers in Turkey. Maserati, though, was down 7000 units or 22 per cent to just 2500 vehicle shipments. This will no doubt fuel more rumours about its potential sale.
Perth Now
22-07-2025
- Automotive
- Perth Now
Peugeot, Ram parent posts A$4.1 billion loss, forecasts more tariff trouble
Stellantis, the parent company of Peugeot, Citroen, Opel, Fiat, Jeep, Ram, Dodge and many others, has posted a €2.3 billion (A$4.1 billion) loss for the first half of 2025. In the same period last year, the company €5.6 billion (A$10 billion). The automaker released unaudited financial and vehicle shipment numbers this week ahead of a call with investors at the end of the month. The numbers include €3.3 billion ($5.9 billion) in charges relating to restructuring and cancelled model programs, including its recent axing of hydrogen fuel-cell development, investments in hybrid for Europe, and returning the Hemi V8 to the Ram pickup range. CarExpert can save you thousands on a new car. Click here to get a great deal. Camera Icon Supplied Credit: CarExpert In a letter to employees seen by Reuters, CEO Antonio Filosa said 2025 would be 'a year of gradual and sustainable improvement'. He noted the first half of the year was 'tough', and warned there would be 'increasing external headwinds'. According to the company, tariff uncertainty caused by President Trump cost the company around €300 million (A$530 million) in the first half. Doug Ostermann, the automaker's chief financial officer, told analysts and Reuters tariffs are expected to cost the company between €1 and €1.5 billion (A$1.8 to A$2.7 billion) this year. Camera Icon Supplied Credit: CarExpert These figures show new CEO Antonio Filosa has a lot of work to do to right the French-Italian-American automaker. That said, front-loading as much of the bad news and numbers into this half will give the CEO more room to make changes and to paint any upswing in a more positive light. Vehicle shipments — which are cars invoiced to dealers, importers and buyers — dropped 90,000 or 6.0 per cent compared to the same time last year. The biggest fall occurred in North America where shipments dropped 109,000 units or 25 per cent to 322,000 vehicles. Stellantis said this was partially due to reduced manufacturing and imports due to tariff concerns, as well as lower fleet sales. It was keen to point out Jeep and Ram sales were up 13 per cent collectively. In Europe shipments fell 50,000 vehicles or 6.0 per cent to 722,000, with the automaker citing 'product transition' as the reason. It notes that production is still ramping up of the Citroen C3, C3 Aircross, Fiat Grande Panda, and Opel Frontera, which are all based on the Smart Car platform. Camera Icon Supplied Credit: CarExpert Also, the Fiat 500 (above) has lost its Italian sales crown as production of the petrol-powered second-generation model has stopped due to the EU's cybersecurity legislation. Fiat has reworked the third-generation 500, launched as an EV-only model, to accept a mild hybrid drivetrain, but volume production won't begin until next year. Strong growth elsewhere helped to mitigate the losses in Europe and North America. South America, where Stellantis is a market leader, was up 20 per cent to 260,000 cars thanks to demand in Brazil and Argentina. The Middle East and Africa was up 30 per cent to 125,000 units on the back of good numbers in Turkey. Maserati, though, was down 7000 units or 22 per cent to just 2500 vehicle shipments. This will no doubt fuel more rumours about its potential sale.
Auto Express
14-07-2025
- Automotive
- Auto Express
Car Deal of the Day: Hyundai Inster is cute, charming and cheap at just £175 a month
Cutesy styling 229-mile range; easy to drive Just £174.12 a month Not that long ago you could count the number of affordable small electric cars on the fingers of one hand. But now that's changing fast, and in recent months a whole wave of pint-sized EVs has arrived to cater for people on a relatively low budget. Advertisement - Article continues below Easily one of the most charming of this new crop of cheaper EVs is the Hyundai Inster. It's a Renault 5 and Fiat Grande Panda EV rival, and just as charismatic; it's also a bit of a bargain right now. Scouring the Auto Express Find a Car service, we found Lease Car UK is offering the cutesy Inster for just £174.12 a month right now. It's a three-year deal that requires a £2,437.44 initial payment, while mileage is capped at 5,000 a year. Rather amazingly you can bump this up to 8,000 miles per annum for only around a fiver extra a month. The Inster line-up is easy to get your head around, given that there are just three models – 01, 02 and Cross – and two battery sizes to choose from. With this deal you get the entry-level 01 but, very impressively, you nab the largest of the batteries on offer. Skip advert Advertisement - Article continues below The 49kWh 'Long Range' battery brings a claimed range of 229 miles, and if you live in the city and only travel short distances, you could likely cover 100 more miles than that before needing to top up. Power comes from a 113bhp electric motor, which serves up 0-62mph in 10.6 seconds – not outrageously fast, but plenty quick enough for most everyday driving situations. The entry-level 01 brings a 10.25-inch touchscreen with Apple CarPlay and Android Auto connectivity, a rear-view camera and parking sensors, heated and power-fold mirrors, along with 15-inch alloys. Surprisingly, a heat pump and a battery-heating system are thrown in, too. The Inster is a strict four-seater, but the interior is pretty roomy considering the car's dinky dimensions. That boxy shape means visibility is excellent, and overall the car is easy and very comfortable to drive. The Car Deal of the Day selections we make are taken from our own Auto Express Find A Car deals service, which includes the best current offers from car dealers and leasing companies around the UK. Terms and conditions apply, while prices and offers are subject to change and limited availability. If this deal expires, you can find more top Hyundai Inster leasing offers from leading providers on our Hyundai Inster page. Check out the Hyundai Inster deal or take a look at our previous Car Deal of the Day selection here… Find a car with the experts New MG IM5 has the Tesla Model 3 beaten on price and range New MG IM5 has the Tesla Model 3 beaten on price and range The all-electric IM5 brings new technology and design to the MG line-up New MG Cyberster Black is a dark sign of things to come for the brand New MG Cyberster Black is a dark sign of things to come for the brand MG boss thinks special editions like this might be the ticket to keeping up demand for the electric sports car Vauxhall Mokka vs Hyundai Kona: small hybrid SUVs in a big battle Vauxhall Mokka vs Hyundai Kona: small hybrid SUVs in a big battle Hybrid newcomers slug it out for family buyers' hearts and minds Car group tests 12 Jul 2025
Top Gear
18-06-2025
- Automotive
- Top Gear
Stellantis is planning a three-speed gearbox for EV off-roading
Stellantis is planning a three-speed gearbox for EV off-roading Carmaking MegaCorp's patent application outlines a route to more electron-propelled traction and towing capacity Skip 3 photos in the image carousel and continue reading Turn on Javascript to see all the available pictures. 1 / 3 Stellantis is planning a three-speed gearbox to give its electric cars better off-road smarts. Yeehaw! In the offing since October 2023, the carmaking MegaCorp's patent application has now been approved. The rather interesting tech involves three planetary gear sets – each doing the usual dance with a sun gear, ring gear and planetary carrier – plus three "selectively engagable" clutches that configure the system with a differential, and give 2-Lo, 4-Lo, 2-Hi or 4-Hi drive options, just as you'd get with an ICE off-roader. Advertisement - Page continues below The carmaker states how the single-speed transmission in typical electric cars is "unable to provide sustained high torque for trail and desert driving or various other speeds". The mechanical trickery in this design – able to be mounted to the front, rear or both axles – is all about giving EVs the traction they need beyond the school runs and supermarket dashes. Heavy towing? Check. Vehicle recovery? Check. Low-speed crawling on fun-inducing gradients terrifying to the naked eye? You bet. The drive system will not only help on snowy or sandy surfaces, it'll even help you tackle a bit of stump removal one Bank Holiday weekend. Fancy that. Stellantis hasn't confirmed which model it's eyeing specifically for the gearbox, but we'd take a punt on the Jeep Avenger, Jeep Recon or even Fiat Grande Panda 4x4 being in the mix. What do you reckon? Advertisement - Page continues below Top Gear Newsletter Thank you for subscribing to our newsletter. Look out for your regular round-up of news, reviews and offers in your inbox. Get all the latest news, reviews and exclusives, direct to your inbox. Success Your Email*
