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You are currently viewing Stellantis Says Profit Plunged as Tariffs Began to Bite

The company, which owns Jeep, Peugeot, Fiat and other brands, said it might soon have to begin raising prices.

Stellantis, the maker of Chrysler, Jeep and Ram vehicles, reported a big loss on Monday, which it blamed, in part, on President Trump’s tariffs.

The company, which also owns European brands like Peugeot, Fiat and Opel, said it lost 2.3 billion euros ($2.7 billion) in the first half of the year after revenue fell 13 percent to €74.3 billion.

Tariffs cost the company €300 million, Stellantis said, while factory shutdowns related to Trump trade policies contributed to a 25 percent decline in the number of cars delivered to U.S. buyers. Tariffs may soon force the company to begin raising car prices, Doug Ostermann, the company’s chief financial officer, said during a conference call on Monday.

“Tariffs are inherently inflationary,” he said.

In April, Stellantis paused production for several weeks at plants in Mexico and Canada that

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