Peugeot, Ram parent posts A$4.1 billion loss, forecasts more tariff trouble
The automaker released unaudited financial and vehicle shipment numbers this week ahead of a call with investors at the end of the month.
The numbers include €3.3 billion ($5.9 billion) in charges relating to restructuring and cancelled model programs, including its recent axing of hydrogen fuel-cell development, investments in hybrid for Europe, and returning the Hemi V8 to the Ram pickup range.
CarExpert can save you thousands on a new car. Click here to get a great deal.
In a letter to employees seen by Reuters, CEO Antonio Filosa said 2025 would be "a year of gradual and sustainable improvement". He noted the first half of the year was "tough", and warned there would be "increasing external headwinds".
According to the company, tariff uncertainty caused by President Trump cost the company around €300 million (A$530 million) in the first half.
Doug Ostermann, the automaker's chief financial officer, told analysts and Reuters tariffs are expected to cost the company between €1 and €1.5 billion (A$1.8 to A$2.7 billion) this year.
These figures show new CEO Antonio Filosa has a lot of work to do to right the French-Italian-American automaker. That said, front-loading as much of the bad news and numbers into this half will give the CEO more room to make changes and to paint any upswing in a more positive light.
Vehicle shipments — which are cars invoiced to dealers, importers and buyers — dropped 90,000 or 6.0 per cent compared to the same time last year.
The biggest fall occurred in North America where shipments dropped 109,000 units or 25 per cent to 322,000 vehicles. Stellantis said this was partially due to reduced manufacturing and imports due to tariff concerns, as well as lower fleet sales. It was keen to point out Jeep and Ram sales were up 13 per cent collectively.
In Europe shipments fell 50,000 vehicles or 6.0 per cent to 722,000, with the automaker citing "product transition" as the reason. It notes that production is still ramping up of the Citroen C3, C3 Aircross, Fiat Grande Panda, and Opel Frontera, which are all based on the Smart Car platform.
Also, the Fiat 500 (above) has lost its Italian sales crown as production of the petrol-powered second-generation model has stopped due to the EU's cybersecurity legislation. Fiat has reworked the third-generation 500, launched as an EV-only model, to accept a mild hybrid drivetrain, but volume production won't begin until next year.
Strong growth elsewhere helped to mitigate the losses in Europe and North America. South America, where Stellantis is a market leader, was up 20 per cent to 260,000 cars thanks to demand in Brazil and Argentina. The Middle East and Africa was up 30 per cent to 125,000 units on the back of good numbers in Turkey.
Maserati, though, was down 7000 units or 22 per cent to just 2500 vehicle shipments. This will no doubt fuel more rumours about its potential sale.
Content originally sourced from: CarExpert.com.au
Stellantis, the parent company of Peugeot, Citroen, Opel, Fiat, Jeep, Ram, Dodge and many others, has posted a €2.3 billion (A$4.1 billion) loss for the first half of 2025. In the same period last year, the company €5.6 billion (A$10 billion).
The automaker released unaudited financial and vehicle shipment numbers this week ahead of a call with investors at the end of the month.
The numbers include €3.3 billion ($5.9 billion) in charges relating to restructuring and cancelled model programs, including its recent axing of hydrogen fuel-cell development, investments in hybrid for Europe, and returning the Hemi V8 to the Ram pickup range.
CarExpert can save you thousands on a new car. Click here to get a great deal.
In a letter to employees seen by Reuters, CEO Antonio Filosa said 2025 would be "a year of gradual and sustainable improvement". He noted the first half of the year was "tough", and warned there would be "increasing external headwinds".
According to the company, tariff uncertainty caused by President Trump cost the company around €300 million (A$530 million) in the first half.
Doug Ostermann, the automaker's chief financial officer, told analysts and Reuters tariffs are expected to cost the company between €1 and €1.5 billion (A$1.8 to A$2.7 billion) this year.
These figures show new CEO Antonio Filosa has a lot of work to do to right the French-Italian-American automaker. That said, front-loading as much of the bad news and numbers into this half will give the CEO more room to make changes and to paint any upswing in a more positive light.
Vehicle shipments — which are cars invoiced to dealers, importers and buyers — dropped 90,000 or 6.0 per cent compared to the same time last year.
The biggest fall occurred in North America where shipments dropped 109,000 units or 25 per cent to 322,000 vehicles. Stellantis said this was partially due to reduced manufacturing and imports due to tariff concerns, as well as lower fleet sales. It was keen to point out Jeep and Ram sales were up 13 per cent collectively.
In Europe shipments fell 50,000 vehicles or 6.0 per cent to 722,000, with the automaker citing "product transition" as the reason. It notes that production is still ramping up of the Citroen C3, C3 Aircross, Fiat Grande Panda, and Opel Frontera, which are all based on the Smart Car platform.
Also, the Fiat 500 (above) has lost its Italian sales crown as production of the petrol-powered second-generation model has stopped due to the EU's cybersecurity legislation. Fiat has reworked the third-generation 500, launched as an EV-only model, to accept a mild hybrid drivetrain, but volume production won't begin until next year.
Strong growth elsewhere helped to mitigate the losses in Europe and North America. South America, where Stellantis is a market leader, was up 20 per cent to 260,000 cars thanks to demand in Brazil and Argentina. The Middle East and Africa was up 30 per cent to 125,000 units on the back of good numbers in Turkey.
Maserati, though, was down 7000 units or 22 per cent to just 2500 vehicle shipments. This will no doubt fuel more rumours about its potential sale.
Content originally sourced from: CarExpert.com.au
Stellantis, the parent company of Peugeot, Citroen, Opel, Fiat, Jeep, Ram, Dodge and many others, has posted a €2.3 billion (A$4.1 billion) loss for the first half of 2025. In the same period last year, the company €5.6 billion (A$10 billion).
The automaker released unaudited financial and vehicle shipment numbers this week ahead of a call with investors at the end of the month.
The numbers include €3.3 billion ($5.9 billion) in charges relating to restructuring and cancelled model programs, including its recent axing of hydrogen fuel-cell development, investments in hybrid for Europe, and returning the Hemi V8 to the Ram pickup range.
CarExpert can save you thousands on a new car. Click here to get a great deal.
In a letter to employees seen by Reuters, CEO Antonio Filosa said 2025 would be "a year of gradual and sustainable improvement". He noted the first half of the year was "tough", and warned there would be "increasing external headwinds".
According to the company, tariff uncertainty caused by President Trump cost the company around €300 million (A$530 million) in the first half.
Doug Ostermann, the automaker's chief financial officer, told analysts and Reuters tariffs are expected to cost the company between €1 and €1.5 billion (A$1.8 to A$2.7 billion) this year.
These figures show new CEO Antonio Filosa has a lot of work to do to right the French-Italian-American automaker. That said, front-loading as much of the bad news and numbers into this half will give the CEO more room to make changes and to paint any upswing in a more positive light.
Vehicle shipments — which are cars invoiced to dealers, importers and buyers — dropped 90,000 or 6.0 per cent compared to the same time last year.
The biggest fall occurred in North America where shipments dropped 109,000 units or 25 per cent to 322,000 vehicles. Stellantis said this was partially due to reduced manufacturing and imports due to tariff concerns, as well as lower fleet sales. It was keen to point out Jeep and Ram sales were up 13 per cent collectively.
In Europe shipments fell 50,000 vehicles or 6.0 per cent to 722,000, with the automaker citing "product transition" as the reason. It notes that production is still ramping up of the Citroen C3, C3 Aircross, Fiat Grande Panda, and Opel Frontera, which are all based on the Smart Car platform.
Also, the Fiat 500 (above) has lost its Italian sales crown as production of the petrol-powered second-generation model has stopped due to the EU's cybersecurity legislation. Fiat has reworked the third-generation 500, launched as an EV-only model, to accept a mild hybrid drivetrain, but volume production won't begin until next year.
Strong growth elsewhere helped to mitigate the losses in Europe and North America. South America, where Stellantis is a market leader, was up 20 per cent to 260,000 cars thanks to demand in Brazil and Argentina. The Middle East and Africa was up 30 per cent to 125,000 units on the back of good numbers in Turkey.
Maserati, though, was down 7000 units or 22 per cent to just 2500 vehicle shipments. This will no doubt fuel more rumours about its potential sale.
Content originally sourced from: CarExpert.com.au
Stellantis, the parent company of Peugeot, Citroen, Opel, Fiat, Jeep, Ram, Dodge and many others, has posted a €2.3 billion (A$4.1 billion) loss for the first half of 2025. In the same period last year, the company €5.6 billion (A$10 billion).
The automaker released unaudited financial and vehicle shipment numbers this week ahead of a call with investors at the end of the month.
The numbers include €3.3 billion ($5.9 billion) in charges relating to restructuring and cancelled model programs, including its recent axing of hydrogen fuel-cell development, investments in hybrid for Europe, and returning the Hemi V8 to the Ram pickup range.
CarExpert can save you thousands on a new car. Click here to get a great deal.
In a letter to employees seen by Reuters, CEO Antonio Filosa said 2025 would be "a year of gradual and sustainable improvement". He noted the first half of the year was "tough", and warned there would be "increasing external headwinds".
According to the company, tariff uncertainty caused by President Trump cost the company around €300 million (A$530 million) in the first half.
Doug Ostermann, the automaker's chief financial officer, told analysts and Reuters tariffs are expected to cost the company between €1 and €1.5 billion (A$1.8 to A$2.7 billion) this year.
These figures show new CEO Antonio Filosa has a lot of work to do to right the French-Italian-American automaker. That said, front-loading as much of the bad news and numbers into this half will give the CEO more room to make changes and to paint any upswing in a more positive light.
Vehicle shipments — which are cars invoiced to dealers, importers and buyers — dropped 90,000 or 6.0 per cent compared to the same time last year.
The biggest fall occurred in North America where shipments dropped 109,000 units or 25 per cent to 322,000 vehicles. Stellantis said this was partially due to reduced manufacturing and imports due to tariff concerns, as well as lower fleet sales. It was keen to point out Jeep and Ram sales were up 13 per cent collectively.
In Europe shipments fell 50,000 vehicles or 6.0 per cent to 722,000, with the automaker citing "product transition" as the reason. It notes that production is still ramping up of the Citroen C3, C3 Aircross, Fiat Grande Panda, and Opel Frontera, which are all based on the Smart Car platform.
Also, the Fiat 500 (above) has lost its Italian sales crown as production of the petrol-powered second-generation model has stopped due to the EU's cybersecurity legislation. Fiat has reworked the third-generation 500, launched as an EV-only model, to accept a mild hybrid drivetrain, but volume production won't begin until next year.
Strong growth elsewhere helped to mitigate the losses in Europe and North America. South America, where Stellantis is a market leader, was up 20 per cent to 260,000 cars thanks to demand in Brazil and Argentina. The Middle East and Africa was up 30 per cent to 125,000 units on the back of good numbers in Turkey.
Maserati, though, was down 7000 units or 22 per cent to just 2500 vehicle shipments. This will no doubt fuel more rumours about its potential sale.
Content originally sourced from: CarExpert.com.au
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- Man of Many
Hellyers Road 22-Year-Old American Oak is the Label's Oldest Whisky Ever
By Nick Hall - News Published: 26 Jul 2025 Share Copy Link 0 Readtime: 3 min The Lowdown: Fiona Coutts, head distiller at Hellyers Road | Image: Hellyers Road Distillery Every product is carefully selected by our editors and experts. If you buy from a link, we may earn a commission. Learn more. For more information on how we test products, click here. Hellyers Road Distillery has unveiled its oldest expression to date, the American Oak 22 Year Old from Single Cask 2325.03 . . The aged expression matured for 22 years, 3 months and 25 days in one American oak, ex-bourbon cask formerly home to Jack Daniel's Tennessee Whiskey. in one American oak, ex-bourbon cask formerly home to Jack Daniel's Tennessee Whiskey. Only 80 bottles have been produced, each retailing for AUD$1,450. To some, 22 years might seem like a lifetime, but for award-winning distillery Hellyers Road, it couldn't have come soon enough. The Australian whisky icon has unveiled its oldest expression to date, the American Oak 22 Year Old from Single Cask 2325.03. Milled, mashed, fermented and distilled on-site, the latest release marks a decidedly home-grown endeavour, buoyed by a unique sense of terroir that is, unapologetically, Tasmanian. Sourced a single 200-litre cask, the aged expression was first laid down in November 2002, where it matured for an extraordinary 22 years, 3 months and 25 days in one American oak, ex-bourbon cask formerly home to Jack Daniel's Tennessee Whiskey. From that cask, just 80 bottles were produced, each exuding notes of soft vanilla, ginger and a rich honeyed finish. According to Fiona Coutts, head distiller at Hellyers Road, the long fruit-forward American Oak 22 Year Old Single Cask 2325.03 represents the pinnacle of the label's maturation approach. Subtle, soft and layered with intricate complexity, the whisky elevates Hellyers Road's house style to another tier of premium production. 'The Hellyers Road American Oak 22 Year Old Single Cask 2325.03 is a stunning example of how our whisky ages so well in large American oak barrels,' Coutts said. 'The influence of the Bass Strait, a stone's throw from our Bond Stores, paired with time in a 200-litre ex-bourbon cask, has resulted in a whisky of depth, complexity and concentration. Honey and vanilla notes are at the fore, complemented by a magic that only time, the right oak and contact with oxygen can create over two decades.' Fiona Coutts, head distiller at Hellyers Road | Image: Hellyers Road Distillery As Coutts explained, a premium whisky of this esteem demanded more than just a standard bottling. Each unit of 22-Year-Old American Oak release is housed in a unique presentation box hand-crafted by local master woodworker Rob van Tholen from prized Tasmanian timbers. The fusion of Huon Pine, Myrtle and Celery Top Pine, speaks not only to the ageing process of the liquid inside, but also to the label's connection to the local land. Hellyers Road has been a staple of the Tasmanian whisky industry since its inception in 1997, producing a stellar back catalogue of single malt expressions and aged whiskies; none more important than this. To mark this milestone moment, the label has also included a letter of authenticity with each bottle, personally signed by Fiona Coutts. Adding to its individuality and intrigue, each presentation box has a secret locking mechanism to safeguard and showcase this treasured release. An exceptional example of aged Australian whisky showing the results of patience and the influence of maturation by the sea, the Hellyers Road American Oak 22 Year Old Single Cask 2325.03 is available now and priced at AUD$1,450. Only 80 bottles have been produced, with the expression expected to sell out. Hellyers Road American Oak 22 Year Old Single Cask 2325.03 | Image: Hellyers Road Hellyers Road American Oak 22 Year Old Single Cask 2325.03 Brand : Hellyers Road : Hellyers Road Release : American Oak 22 Year Old Single Cask 2325.03 : American Oak 22 Year Old Single Cask 2325.03 ABV : 56.5% : 56.5% Cask Filled: 21 November 2002 21 November 2002 Drawn : 18 March 2025 : 18 March 2025 Litres drawn: 62 Litres 62 Litres Yield : 80 bottles : 80 bottles Total Maturation : 22 years, 3 months, 25 days : 22 years, 3 months, 25 days Size : 700ml : 700ml Price: AUD$1,450 Hellyers Road American Oak 22 Year Old Single Cask 2325.03 | Image: Hellyers Road
