Stellantis CEO Filosa promises gradual recovery after first half loss
ReutersJul 21, 2025 11:02 AM
MILAN, July 21 (Reuters) - Stellantis' STLAM.MI new Chief Executive Antonio Filosa said on Monday that 2025 would be "a year of gradual and sustainable improvement" for the automaker, after it posted a preliminary 2.3 billion euro ($2.7 billion) net loss for the first half.
In a letter to employees seen by Reuters, Filosa, who was appointed in May, said the first six months of 2025 had been "tough", "with increasing external headwinds including tariffs, foreign exchange effects and challenging macro-economic conditions".
"Despite difficulties, it has also been six months of meaningful progress compared to the second half of 2024," he added, pointing to new product launches and decisions to cut underperforming programmes.
($1 = 0.8586 euros)
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