Latest news with #Italian-U.S.
Japan Today
21-07-2025
- Automotive
- Japan Today
Stellantis warns of $2.7 billion loss for 1st half of 2025 due to tariffs and some big charges
FILE - Shoppers look over a 2025 Dodge Charger Daytona hardtop in the Stellantis display at the Colorado Auto Show, April 17, 2025, in Denver. (AP Photo/David Zalubowski, File) By MICHELLE CHAPMAN Stellantis, the maker of Jeep and Ram vehicles, says its preliminary estimates show a 2.3 billion euros ($2.68 billion) net loss in the first half of the year due to U.S. tariffs and some hefty charges. The automaker anticipates an impact of about 300 million euros for net tariffs incurred, and also expects planned production losses related to implementing its response plan. The automaker provided preliminary financial figures on Monday after suspending financial guidance in April due to Trump's tariffs. It also halted production at plants in Canada and Mexico in response to a 25% tax on imported cars, and it temporarily laid off 900 workers at plants in Michigan and Indiana. Stellantis expects approximately 3.3 billion euros ($3.84 billion) of pretax net charges mostly related to program cancellation costs and platform impairments, restructuring and the net impact of costs related to emission standards. Automakers have been penalized if the average fuel economy of their annual fleet of vehicle production exceeds a certain level. Antonio Filosa took over as CEO two months ago after Carlos Tavares resigned under pressure last year. Stellantis, which was created from the 2021 merger of France's PSA Peugeot with Italian-U.S. carmaker Fiat Chrysler Automobiles, is the world's fourth-largest car manufacturer. It is based in the Netherlands. Stellantis will release its financial results for the first half of the year on July 29. President Donald Trump signed executive orders in April to relax some of his 25% tariffs on automobiles and auto parts, a significant reversal as the import taxes threatened to hurt domestic manufacturers. Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales and make U.S. production less competitive worldwide. Trump portrayed the changes as a bridge toward automakers moving more production into the United States. The tariffs ordered by Trump are hitting the entire auto sector, which sends vehicles and parts across the northern and southern borders of the U.S. repeatedly as they are assembled. The Center for Automative Research says that a uniform 25% tariff on all trading partners would have an increased cost of $107.7 billion to all U.S. automakers and an increased cost of $41.9 billion for the Big Three automakers in Detroit, Stellantis, General Motors and Ford. In May General Motors lowered its profit expectations for the year as the carmaker braced for a potential impact from auto tariffs as high as $5 billion in 2025. The Detroit automaker said at the time that it anticipated full-year adjusted earnings before interest and taxes in a range of $10 billion to $12.5 billion. The guidance includes a current tariff exposure of $4 billion to $5 billion. That same month, Ford Motor said that it expects to take a $1.5 billion hit to its operating profit from tariffs this year and was withdrawing its full-year financial guidance due to the uncertainty created by the Trump administration's evolving trade policy. Ford and Tesla are expected to see a smaller impact from tariffs than GM and other automakers because they assemble more of their cars in the U.S. Still, what impact they do see won't be insignificant. © Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
San Francisco Chronicle
21-07-2025
- Automotive
- San Francisco Chronicle
Stellantis warns of $2.7 billion loss for 1st half of 2025 due to tariffs and some big charges
Stellantis, the maker of Jeep and Ram vehicles, says its preliminary estimates show a 2.3 billion euros ($2.68 billion) net loss in the first half of the year due to U.S. tariffs and some hefty charges. The automaker anticipates an impact of about 300 million euros for net tariffs incurred, and also expects planned production losses related to implementing its response plan. Stellantis also expects approximately 3.3 billion euros ($3.84 billion) of pre-tax net charges mostly related to program cancellation costs and platform impairments, restructuring and the net impact of recent legislation eliminating the CAFE penalty rate. Automakers have been penalized if the average fuel economy of a their annual fleet of vehicle production exceeds a certain level. Two months ago Stellantis named Antonio Filosa as its new chief executive officer. He replaced Carlos Tavares, who resigned under pressure last year. Stellantis, which was created from the 2021 merger of France's PSA Peugeot with Italian-U.S. carmaker Fiat Chrysler Automobiles, is the world's fourth-largest car manufacturer. It is based in the Netherlands. The automaker provided preliminary financial figures on Monday in the absence of financial guidance, which it suspended in April.
Winnipeg Free Press
21-07-2025
- Automotive
- Winnipeg Free Press
Stellantis warns of $2.7 billion loss for 1st half of 2025 due to tariffs and some big charges
Stellantis, the maker of Jeep and Ram vehicles, says its preliminary estimates show a 2.3 billion euros ($2.68 billion) net loss in the first half of the year due to U.S. tariffs and some hefty charges. The automaker anticipates an impact of about 300 million euros for net tariffs incurred, and also expects planned production losses related to implementing its response plan. Stellantis also expects approximately 3.3 billion euros ($3.84 billion) of pre-tax net charges mostly related to program cancellation costs and platform impairments, restructuring and the net impact of recent legislation eliminating the CAFE penalty rate. Automakers have been penalized if the average fuel economy of a their annual fleet of vehicle production exceeds a certain level. Two months ago Stellantis named Antonio Filosa as its new chief executive officer. He replaced Carlos Tavares, who resigned under pressure last year. Monday Mornings The latest local business news and a lookahead to the coming week. Stellantis, which was created from the 2021 merger of France's PSA Peugeot with Italian-U.S. carmaker Fiat Chrysler Automobiles, is the world's fourth-largest car manufacturer. It is based in the Netherlands. The automaker provided preliminary financial figures on Monday in the absence of financial guidance, which it suspended in April.
Yahoo
23-05-2025
- Entertainment
- Yahoo
‘Heads or Tails?' Review: John C. Reilly Plays Buffalo Bill in a Wacky Italy-Set Western With Ambition to Burn
The Italian-U.S. co-production Heads or Tails? starts with a re-enactment of an actual historical event: Buffalo Bill (played here by John C. Reilly) and his traveling rodeo show's early-20th-century visit to Italy. But this freewheeling neo-anti-quasi-western, with its fictional yarn about young lovers (Nadia Tereszkiewicz and Alessandro Borghi) on the run from bounty hunters who encounter revolutionaries and train robbers, eventually goes well beyond printing the legend and wanders off into the realms of magical realism. The project — directed by Matteo Zoppis and Alessio Rigo de Righi (whose previous effort was The Tale of King Crab) — is nothing if not ambitious, even if its big swings don't always connect. Nevertheless, there's a freshness in seeing this kind of horse opera set in Europe itself, as opposed to having southerly locations on the continent pretending to be American landscapes, like they did back in the spaghetti western genre's 1960s glory days. The whole shebang is so metafictional, it loops back round on itself to become just fiction, but with a few weird bells and whistles. More from The Hollywood Reporter 'Yes' Review: Director Nadav Lapid's Decadent Romp Through the Madness and Misery of Post-October 7th Israel Cannes: Mubi Buys Wagner Moura-Starring 'The Secret Agent' for U.K., India, Most of Latin America 'The Six Billion Dollar Man' Review: Eugene Jarecki's Julian Assange Doc Is a Jam-Packed Chronicle of Legal Persecution At least one element rings loud, clear and true throughout and that's French actress Nadia Tereszkiewicz (Rosalie), who puts meat on the bones of a thinly written lead role. Perhaps because her character, Rosa, is meant to be French like the star herself, she's not given a lot of Italian dialogue and spends big chunks of screen time looking worried or sad as she stares off into the middle distance, sometimes while riding a horse. But her watchful, alert bearing imbues the character with a sort of unspoken backstory. Meanwhile, her poodle-curly blonde hairdo and bedroom eyes handily evoke Julie Christie in Robert Altman's McCabe & Mrs. Miller (1971), the OG revisionist western and just the sort of touchstone this film needs to conjure in order make its intentions clear. Like Christie's Mrs. Miller, it seems that Rosa was once a sex worker or at least moved in those circles. That's probably how she ended up being married to Ercole Rupe (Mirko Artuso), a degenerate gambler and the son of a wealthy local landowner Senor Rupe (Gianni Garko, once a spaghetti western star himself in the Sartana series). After watching Buffalo Bill's show, the younger Rupe and Bill agree to an equestrian contest to see who is better at breaking wild horses, Italians or Americans. A coin toss (hence the title) decides that the Italians' champion will be Santino (Borghi), and the handsome wrangler cannot resist the urge to win his contest despite the fact that he was told to throw it by Ercole so the latter could win his bets. Ercole and Santino argue in the stables, but it is the actions of Rosa, who moments before was making doe eyes with Santino, that seal their fate. Saddling up the white mustang that Santino tamed mere hours ago in the ring, Rosa and Santino ride out together into the dusty dunes beyond Rome, pursued by the elder Rupe's bounty hunters and Buffalo Bill himself. His flowery, none-too-accurate descriptions of the pursuit become the hyperbolic narration we hear throughout, underscoring for the millionth time in cinema history that fact and fiction seldom align in wild West tales. Indeed, most of the story beats of the script here (credited to de Righi, Zoppis and Carlo Salsa) could be mapped onto old oaters of yore — from the duplicitous cellmate Santino meets along the way to the anarchistic types who seem to offer the lovers succor in their hijacked train-car encampment but who have their own hidden agendas. But it's interesting to be reminded that while Mexican revolutionary Emiliano Zapata of Viva Zapata! fame was urging peasants to revolt at the turn of the 20th century, similar insurrections were going on in the only recently unified Italian state. As in North America, the expansion of the railway system became a locus for conflict, although here it's local workers who are toiling and singing in the hot sun while laying down tracks, not imported Chinese laborers, or American-born slaves or prisoners. The languages are different but the semiotics stay the same. When more fantastical elements start to bubble up into the dramatic mix, Heads or Tails? seems less certain of its goals, although the ride remains quite enjoyable all the same. It helps that most of this was shot on photo-chemical film stock, a mix of 35mm, Super 16mm and 16mm, with some digital work seamlessly spliced in as well. Nothing says 'western' like honking big grain texture, especially when coupled with lashings of magic-hour backlighting, all deliciously served up by DP Simone D'Arcangelo and his team. Now that's how the West was won. Best of The Hollywood Reporter Hollywood Stars Who Are One Award Away From an EGOT 'The Goonies' Cast, Then and Now "A Nutless Monkey Could Do Your Job": From Abusive to Angst-Ridden, 16 Memorable Studio Exec Portrayals in Film and TV
