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US tariffs, laws push Jeep owner Stellantis into 2.3-bn-euro first-half net loss
US tariffs, laws push Jeep owner Stellantis into 2.3-bn-euro first-half net loss
Economy
by  AFP

Jeep owner Stellantis said on Monday it suffered a massive loss in the first half of the year, when it felt the first impact of new US tariffs and took a massive charge following a change in US laws. The 2.3-billion-euro ($2.7-billion) net loss in the first half of the year came as sales in North America continued to slump, down 25 percent by volume in the second quarter year-on-year.