Carmaker Stellantis sees H1 net loss of $2.7 bln hit by restructuring costs
The preliminary result, which compares with a 5.6 billion euro net profit a year earlier, underscores the automaker's ongoing struggle and the challenge for new CEO Antonio Filosa, who was appointed in May after poor results in 2024 led to the ousting of former boss Carlos Tavares.
Stellantis said it had taken the unprecedented decision to disclose preliminary financial data for the first half to address the gap between analyst consensus forecasts and the company's performance for the period.
Stellantis put the initial impact from U.S. tariffs at 300 million euros.
It also booked 3.3 billion euros in pre-tax net charges due to program cancellation costs, including one for hydrogen propulsion development, and platform impairments, the net impact of alignment on the emissions regulations in the United States as well as restructuring.
Revenues amounted to 74.3 billion euros, versus 85 billion euros in the first half of 2024 and 71.8 billion in the final part of last year.
Stellantis, which earlier this year suspended its forecast for 2025 results, also said on Monday it burnt through 2.3 billion euros of cash in the first half.
Overall second-quarter shipments fell by 6% compared to last year, to an estimated 1.4 million vehicles, it said in a statement.($1 = 0.8595 euros)
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The Independent
24 minutes ago
- The Independent
Perlight Black Grid solar panel review: best for long warranty
This Perlight Black Grid review explores why this panel is a top choice for homeowners seeking both long-term performance and an extended warranty. It's part of our expert-reviewed guide to the best solar panels for UK homes. If you're weighing up whether solar panels are worth it, this review — and our full guide to the best solar panel installers — will help you make an informed decision. The Perlight Black Grid solar panel stands out in a crowded market, not only for its sleek design and solid efficiency but for offering one of the longest warranties available. Choosing the best solar panels for your home involves more than just headline specs, especially as installation is often the most expensive part of the total cost of solar panels. That's why long-term durability matters. Commercial solar growth has driven significant tech advances in recent years. Many panels now offer similar specs on paper — comparable power output, 25- to 30-year lifespans, and sleek all-black designs. But with installation often being the largest part of the overall , and British weather posing its own set of challenges, the stakes for getting the right system are high. While solar panel prices have dropped dramatically, thanks in part to China's manufacturing scale and innovation, installation costs remain high due to labour, scaffolding, and system integration. So it's worth considering the total system cost, not just the price per panel, when selecting the best panel for your home. Why choose the Perlight Black Grid? Price, installed: £895 to £1,195 per kW Efficiency: 26 per cent Wattage per panel: 500W Type: N-Type Made in: China Degradation: 87.4 per cent after 30 years Warranty: 30 years Founded in 2006, Perlight is a Chinese manufacturer of solar panels with a long track record. Its Black Grid solar panel offers an impressive 30-year warranty — five years longer than the industry standard — making it ideal for those looking to maximise long-term savings and reduce replacement concerns. This longer guarantee can offer extra peace of mind, particularly if you're financing your solar panel system over time or plan to remain in your home for decades. That said, many panels rated for 25 years will likely keep performing beyond their warranty period. In terms of performance, the Perlight Black Grid solar panel also offers better efficiency and a higher power rating, delivering 500W per panel, than other solar panels on our list. While the degradation rate is slightly lower than other top-tier models, it still holds up well, retaining nearly 87 per cent of output after 30 years. The company is also somewhat shy about filing facts about itself compared to its competitors, although it passes all the necessary regulatory hurdles. 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While the cost of panels has fallen by about 90% since 2000, installation costs have risen due to labour and inflation, so total system cost still needs careful budgeting. Pros: Market-leading 30-year warranty High efficiency and power output Cons: A 30-year product warranty is hard to come by in any product but Perlight offers one of the longest warranties available in the market Paul Evans, head of renewables at solar panel fitter Glow Green How we compiled our guide To compile our list, we spoke to experts on the ground and have broken down the top-performing brands based on real-world value, not just technical specs. We've prioritised long-term performance, value for money, and the reputation of the best solar panel installers in the UK. And if you're wondering if solar panels are worth it for your home, this guide is designed to help you make a smart, informed decision that pays off over time, whether you're upgrading an old array or fitting solar panels for the first time. Most panels are guaranteed for 25 years and offer similar power output, size, efficiency and looks. So we've weighted our judgement towards cost and degradation, which describes how much power the cells will provide after a number of years. The higher the percentage, the better. Much of your decision will also depend on which installer you go with, as many have preferred brands they work with due to bulk purchasing. You'll also see a lot of unfamiliar Chinese names as you do your research, but many of these are Tier-1 manufacturers in clean energy with strong track records in quality and durability. Why trust us
The Sun
25 minutes ago
- The Sun
Thousands of BA customers urged to check holiday vouchers now – or lose them for good
BRITISH Airways customers are running out of time to use millions of pounds worth of vouchers for travel. The airline gave out e-vouchers to travellers who had a flight or holiday disrupted during Covid. 1 As part of the small print on the vouchers, you needed to initially use the vouchers by the end of April 2022. However, this date was extended by the airline multiple times into 2023, 2024, and now finally to September 30, 2025. This means there is little more than a month to book and complete a trip with the vouchers if you have some left to use otherwise they'll expire completely. British Airways' parent company estimates there are still around £420million worth of unused flight vouchers. This figure also includes vouchers that have not been used with other airlines owned by the company including Aer Lingus and Iberia. You could have a voucher from BA if your flight was cancelled by the airline during the pandemic. To check thoroughly search your emails to see if there is a voucher tucked away. BA website. Then if you've got any vouchers, you should get an email back with British Airways ' within a couple of hours with the amount you have to spemnd. If you still can't find anything but have a niggling feeling that you should have a voucher, contact BA customer service through its online form or by calling 0344 493 0787. How do I redeem my flight voucher? You'll need to visit and find the flights you'd like to book. As you come to pay, enter your voucher code. The total amount you'll need to pay including after you've applied your voucher will then be shown and you'll be able to continue and make a payment. You can use either the full value of your voucher in a single booking or use some of it to pay for a less expensive booking. If you don't use all of the credit issued on your voucher, British Airways will send you another voucher covering the difference. Vouchers don't cover extras such as seat reservations – you'll need to pay for these another way. Can I swap my voucher for a cash refund? Sadly not. Some customers were initially able to get a cash refund for disrupted travel plans but that is no longer the case. You'll need to use up the voucher on flights or a holiday to avoid losing out on the money you spent. Get travel insurance as soon as you book travel Heading on holidays is one of the most exciting parts of the year for many Brits. But when things go wrong, it can leave you out of pocket. One way to help cover yourself is to buy travel insurance as soon as you book flights or accommodation. Insurance covers the cost associated with disruption and other hiccups that can hit holidaymakers before they've even set off. However, you'll need to have the policy in place before disruption takes hold to get a payout. But more than one in four don't get cover in place until the day of departure leaving theme exposed to issues and big costs, according to data from comparison site It's also a good idea to use a credit card rather than debit card for booking a getaway. This is because any purchases made on a credit card between £100 and £30,000 are covered by your provider if things go wrong, thanks to Section 75 of the Consumer Credit Act. This includes holidays and airline bookings and means, for example, if an airline or tour operator goes into administration, your money would be protected. Flight compensation rules A look at your rights if a flight is delayed or cancelled, when your entitled to compensation and if your travel insurance can cover the costs. What are my rights if my flight is cancelled or delayed? Under UK law, airlines have to provide compensation if your flight arrives at its destination more than three hours late. If you're flying to or from the UK, your airline must let you choose a refund or an alternative flight. You will be able to get your money back for the part of your ticket that you haven't used yet. So if you booked a return flight and the outbound leg is cancelled, you can get the full cost of the return ticket refunded. But if travelling is essential, then your airline has to find you an alternative flight. This could even be with another airline. When am I not entitled to compensation? The airline doesn't have to give you a refund if the flight was cancelled due to reasons beyond their control, such as extreme weather. Disruptions caused by things like extreme weather, airport or air traffic control employee strikes or other 'extraordinary circumstances' are not eligible for compensation. Some airlines may stretch the definition of "extraordinary circumstances" but you can challenge them through the aviation regulator the Civil Aviation Authority (CAA). Will my insurance cover me if my flight is cancelled? If you can't claim compensation directly through the airline, your travel insurance may refund you. Policies vary so you should check the small print, but a delay of eight to 12 hours will normally mean you qualify for some money from your insurer. Remember to get written confirmation of your delay from the airport as your insurer will need proof. If your flight is cancelled entirely, you're unlikely to be covered by your insurance.
The Sun
25 minutes ago
- The Sun
I'm a motors expert – here are the best used cars for under £2,000 which WON'T guzzle your fuel
A MOTORS expert has revealed a list of the best cars you can buy for under £2,000 that won't guzzle all your fuel. JB, from CarswithJB on YouTube, posted a video running down a range of cheap and cheerful rides that you can enjoy on a budget. 11 As the cost of living crisis bites and petrol prices soar with inflation, JB's advice couldn't come at a better time. Renault Clio First up, he recommended the much-loved family classic Renault Clio. The 1.2-litre inline-four is not as thirsty as many other hatchbacks, while it can still get you where you need to go with a 0-60 time of 10.6 seconds. JB said: "It's the joint-quickest car on the list but, despite that, it will still manage 51 miles per gallon (mpg) and costs £135 per year in road tax. "This is the perfect first car, but it can substitute as a family hatch instead, given it's not too small in size." Within the budget, drivers should target the third-generation models, starting at around £1,800 online. Skoda Citigo A slightly smaller engine powers the Citigo, with a titchy 1-litre inline-three putting out a 0-60 time of 13.9 seconds. It's more expensive on the tax side, too, with an annual bill of £165, but is more economical than the previous options, at 55mpg. JB said: "It's not my cup of tea due to how small it is, and I'd maybe only recommend it as a city car that's focussed on short journeys. "But I do like how basic it is, with all the amenities you need as a driver, nothing more, nothing less." It is also more expensive at purchase, with basic models sneaking in just under the £2,000 cap online. Ford KA 11 Back to the inline-fours, the Ford is still a touch sluggish, reaching 60mph in 13 seconds. However, in terms of running costs, it's a steal, with a tax bill of just £30 and a 57 mpg economy rate. JB said that the model's shared development with the Fiat 500 led to common issues, including engine problems and corrosion. Meanwhile, initial purchase costs are high, with a starting price right on the £2,000 line. Kia Picanto 11 FIND HERE The slowest car on the list, with a 0-60 of just 14.6 seconds. However, again it is just £30 for the tax and its economy is a generous 58mpg. It was initially marketed by rallying legend Marcus Granholm but JB said it drives more like a city car. Basic models are available for around £1,000, with plenty of options under £2,000. Suzuki Alto FIND HERE A sister car of the Pixo, sharing the same frame and drivetrain, the Suzuki just edges it out as it's 0.5 of a second quicker, with the same excellent economy. JB revealed that it was originally designed for the Indian market but came over to Europe shortly after. It was even built in response to rising prices after the 2008 financial crisis, making it ideal for today's tough times. The Alto is available online for around £1,900 but is a bargain considering its affordability in terms of running costs. Fiat Grande Punto 11 With a similar engine to the Renault, the Fiat is a few seconds off the pace, but slightly more economical at 52 mpg. It is also identical in its road tax expense so is still good value all round. JB added: "One strange fact about these is that, on release, they had the highest level of safety when they were retested in 2012, they go zero stars." He suggested this was likely due to a lack of updates on the safety features between the car's 2005 debut and its retest seven years on. The Grande Punto is available for around £1,500, while high-mileage but more recent examples clock in at £2,000. However, JB warned that issues with "build quality" could lead to some dangerous flaws, including steering failure. Mini Hatch 11 The Mini Hatch ties the Clio for pace and comes with its unique British heritage. Earlier models can be found online for as little as £1,000, though these are likely to be high-mileage. JB explained: "It's quoted as doing 53 mpg...I can attest to them being very solid little cars. "The only negative is them being four-seaters, rather than five, so slightly less practical. "But, I would consider it to be amongst the nicest of the cars on the list and if you find a first example it's even more economical." Peugeot 107 11 JB perhaps summed this model up best when he said: "I had to bring back the Peugeot 107 into this vide, given how incredible the running costs really are." And incredible they are, costing only £20 in tax and doing a whopping 61mpg. He added that the Toyota engine under the Peugeot shell is "renowned for its reliability", but did cite issues around boot space and water leakage. Still for just £1,000 at the bottom end, many will consider this a great deal. Hyundai I10 Back on the quicker side, with a 0-60 of 11.8 seconds, the Hyundai, like the Peugeot, is £20 for the year's worth of tax and manages 61 mpg. JB said: "This is the sister car to the Kia Picanto we mentioned before. "Though they are very cheap feeling, they are the definition of cheap and cheerful." Although, they do start at the limit of £2,000 so are on the more expensive end of the list. Nissan Pixo 11 The Pixo is another slower option, but manages a list-topping 65mpg and still only costs £20 in road tax. JB said: "What made the Pixo famous for me was its appearance on Top Gear." They clock in at a minimum of £1,500, with 2010 models at £2,000.
