Latest news with #CitroenC3
The Advertiser
a day ago
- Automotive
- The Advertiser
Peugeot, Ram parent posts A$4.1 billion loss, forecasts more tariff trouble
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: 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: 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: 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:
7NEWS
a day ago
- Automotive
- 7NEWS
Peugeot, Ram parent posts A$4.1 billion loss, forecasts more tariff trouble
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.
Perth Now
a day ago
- Automotive
- Perth Now
Peugeot, Ram parent posts A$4.1 billion loss, forecasts more tariff trouble
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. Camera Icon Supplied Credit: CarExpert 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. Camera Icon Supplied Credit: CarExpert 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. Camera Icon Supplied Credit: CarExpert 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.
The Irish Sun
a day ago
- Automotive
- The Irish Sun
Busy bridge used by thousands of Irish drivers set to close for over two WEEKS with diversions in place
A BUSY bridge used by thousands of drivers is set to close for over two weeks, with diversions in place. Fingal County Council has alerted about the temporary closure on their website. Advertisement Lispopple Road in north The closure will run 24 hours a day from Monday, August 18 to Friday, September 5. And Fingal County Council stated: 'An application has been received from Triur Construction on behalf of Fingal County Council for permission to temporarily close L-5070 Road, Lispopple, Co. Dublin for the purpose of facilitating Lispopple Bridge Remediation. Advertisement READ MORE IN MOTORS 'It is proposed that the roads will be closed from 18th August until 5th September 2025 for 24 hours per day.' Local access will be maintained at all times, and emergency services access will also be available. Permitted working hours will be from 8am to 7pm, Monday to Friday, and drivers have been told that no construction will take place on weekends or Traffic travelling north along the L-5070 will be diverted via the R125 toward Ashbourne, turning right at Killossery onto the L-5061, over Rowlestown Bridge and right again onto Chapel Lane. Advertisement MOST READ IN MOTORS Southbound Road signage will be in place to guide and divert drivers during the closure. The RSA explain e-scooter rules in Ireland Fingal County Council added: 'Local access will be maintained at all times. 'Emergency services access will also be made available in the event of an emergency.' Advertisement MOTOR BRAND RECALL Meanwhile, Irish car owners of a popular motor brand have been warned to Citroen C3 and DS 3 The Road Safety Authority shared the warning on The recall affects certain Citroen C3, C-Zero and DS 3 models as their Takata airbags could burst with excessive force if they deploy in a crash. Advertisement 'DO NOT DRIVE' The RSA said: 'Important notice for owners of a Citroen C3 and DS 3. 'Citroen/DS Ireland have asked vehicle owners of certain Citroen C3 and DS 3 models to stop driving their vehicle until the airbags have been replaced by a dealership.' This deterioration could make the inflator explode more violently than intended, leading to pieces of metal striking the driver or passengers. Advertisement The RSA said this fault can cause serious or even They said: 'Takata airbags may deteriorate over time, particularly in warm, humid climates. 'This could cause the airbag to burst with too much force in the event of an accident, which could lead to serious or even fatal injuries in the worst-case scenario.' 1 Dublin's Lispopple Road is set to close for over two weeks this August Credit: Google Earth Advertisement
Daily Mirror
5 days ago
- Automotive
- Daily Mirror
Fan sold at Amazon urgently recalled over fears it could cause electric shocks
Shoppers have been warned not to use the A-Faction856 Ceiling Fan, with the product codes FBA15JYLVF9HU000040 and X0027BDFWD A fan sold on Amazon has been urgently recalled over fears it could give shoppers an electric shock. Shoppers have been warned not to use the A-Faction856 Ceiling Fan, which is made in China. Any further imports are being rejected by border forces. The product codes for this particular item are FBA15JYLVF9HU000040 and X0027BDFWD. The Office for Product Safety and Standards said: "The product presents a high risk of electric shock as it has inadequate insulation and insufficient creepage and clearance distance between the mains potential input circuit and low voltage output circuits. "Over time, the insulation can wear down and expose live wires which may result in the user receiving an electric shock. The product does not meet the requirements of the Electrical Equipment (Safety) Regulations 2016." If you have purchased one of these fans, you should contact Amazon to discuss your refund options. It comes after an urgent safety recall was issued last month for versions of the Citroen C3 and the related DS3s. The warning relates to second generation C3 and first generation DS3 models built between 2009 and 2016, as well as DS3 Automobile DS3s produced between 2016 and 2019. These vehicles use Takata airbag systems, which could be faulty. If you have one of these affected cars, you should be contacted by letter. You can also check if your car is part of the recall by using the VIN check tool on Citroen's website. Stellantis, which owns the Citroen brand, said that there were no reported incidents of faults in the UK. Almost 60,000 air fryers across the Republic of Ireland have also been recalled over fears they could cause fires. The Competition and Consumer Protection Commission (CCPC) is warning consumers to stop using certain models of Tower air fryer after a manufacturing defect was identified. The CCPC says no incidents have been reported in Ireland, but there have been reports in the UK of these products catching fire. The air fryer models affected by the recall are: T17023 Tower 2.2Ltr Manual Air Fryer T17061BLK Tower 4Ltr Manual Air Fryer T17067 Tower 4Ltr Digital Air Fryer T17087 Tower 2Ltr Compact Manual Air Fryer T17129L Vortx 8L Dual Basket Air Fryer The affected products were manufactured between 2020 and 2024 and were sold in various retailers including Argos, Tesco Ireland, DID, Dealz, Lidl and Amazon. You can find the model number by checking the appliance rating label located at the bottom of your air fryer. If you have one of these affected air fryers, you should stop using it immediately, unplug it and contact Tower Housewares by emailing towerproduct@ You can also contact the CCPC national consumer helpline on 01 402 5555 or email ask@
