In all, the company expects to have lost as much as $2.7 billion over the first half of 2025 as a result of costly efforts to improve profitability and tariff-related expenses. The losses also include compliance charges with Trump’s suspension of financial penalties tied to fuel emissions standards.

The company, which owns Jeep, Peugeot, Fiat and other brands, said it might soon have to begin raising prices.

This earnings season is revealing the real impact of President Trump’s steep tariffs on European automakers. CNBC’s Silvia Amaro takes a look under the hood.

The car company behind the brands Vauxhall, Jeep and Fiat says US President Donald Trump's tariffs have already cost it €300m (£259.6m, $349.2m). Stellantis said the financial hit was a result of tariffs impacting trade and the company's loss of planned production in its response to the them.

Stellantis on Monday reported a $3.7-billion loss for the first half of 2025 and General Motors reported its net income plummeted 35 per cent to $2.58 billion in the second quarter from $4 billion in the same quarter of 2024.

The company reported preliminary losses of $2.7 billion on $83 billion in revenue for the first six months of the year, compared to a profit of $6.5 billion on nearly $100 million in revenue in

“A world with tariffs is unacceptable for us,” Beato said. “A world with tariffs puts our plant in a vulnerable position, even more so than it is now, and not only for our plant, but all of southern Ontario and the whole auto industry.”

General Motors was the second auto company this week, after Stellantis, to show the toll that President Trump’s trade policies are taking on the industry.