Auto giant Stellantis suspends full-year performance guidance Trump's tariff policy brings uncertainty

Auto giant Stellantis Group announced on Wednesday that it will withdraw its full-year financial guidance due to uncertainty about the impact of former US President Trump's erratic trade policy. The multinational group, which owns well-known brands such as Jeep, Dodge, Fiat, Chrysler and Peugeot, had net revenue of 35.8 billion euros (about 40.7 billion US dollars) in the first quarter, down 14% from the same period last year.

The company said the decline in net revenue was mainly due to factors such as reduced shipments, unfavorable regional market mix and price normalization. According to the survey, analysts had previously expected Stellantis' net revenue to be 35.4 billion euros.

Doug Osterman, chief financial officer of Stellantis, said in a statement: "Although revenue in the first quarter of 2025 was lower than the same period last year, other key performance indicators reflect our initial progress in market recovery." The company said that due to the uncertainty of tariff policy, it would cancel its 2025 financial guidance and emphasized that it is "paying close attention" to the tariff policy trends of policymakers.

The earnings report comes at a time when the global auto industry has just seen a loosening of policies by the Trump administration. The U.S. president signed an executive order on Tuesday aimed at reducing some auto tariffs. The 25% U.S. tariff on imported cars will continue to be implemented, but the new measures attempt to reduce the overall tax burden on auto imports caused by multiple overlapping tariffs (such as an additional 25% tariff on steel and aluminum). According to the latest White House executive order, the 25% tariff on auto parts originally scheduled to take effect on May 3 will still be implemented, but vehicles that complete final assembly in the United States can obtain a partial refund of this part of the tariff within two years.