In the first half of 2025, the company pegged the 13% drop in net revenues to declines in the North American and Enlarged Europe regions. The company, which has a total of 14 vehicle brands, said earlier this week that its first-half shipments in North America fell 23%, mainly due to decreased production of imported vehicles, most impacted by tariffs, lower fleet channel sales, and production gaps resulting from discontinued models. Net revenue fell 26% while adjusted operating loss came in at €951 million ($1.086 billion), down from a profit of €4.37 billion reported in the corresponding period of 2024. The turn from profit to loss was spurred by significant unfavorable impacts from volume and mix, increased sales incentives, as well as unfavorable variable cost absorption and warranty costs, it said. Stellantis appointed its North American region head, Antonio Filosa, as CEO in May after its previous chief executive, Carlos Tavares, stepped down in December.