The CEO of Stellentis targeted us a turnaround as the car manufacturer faced a hit of $ 1.7 billion from the tariff this year

Milan (AP)-Stelanis hopes to compete with some of the cost of 1.5 billion-euros ($ 1.7 billion) tariffs this year, promoting North American profitability with the new model on Tuesday, such as Jeep Cherokee said on Tuesday.

The fourth largest car manufacturer in the worldFiat Chrysler and PSA Puezo merged 4 1/2 years ago, interacting with US authorities that ways to reduce the impact of tariffs, especially on cars produced in neighboring Canada and Mexico.

CEO Antonio Philosa stated that Stelantis supports US President Donald Trump’s jobs and to promote American auto production “supports using tariffs as a tool,” Philosa said.

Last month confirmed as Chief Executive, Philosa said that it was emphasizing for tariff governance factor in high levels of American components used in cars made in Canada and Mexico.

Among the 16 million cars, Salentis produces for sale in the US market, made in 8 million domestic plants, and another 4 million in Canada and Mexico – with all a large number of American components. Another 4 million is imported from Europe and Asia, with virtually no American components.

In the discovery of an American turnaround, the Philosa is re -starting in the second half of the 2025 model, which the previous management did two years ago: the largest selling US segment and a new jeep Cherokee for the popular ice dodge charger.

Earlier this year, Stalentis also re -launched Ram Hemy V8 due to the demand of a dealer and customer, which Philosa called “a quick, smart, impressive corrective action”.

Jeep Cherokee will be produced in Mexico, and Philosa stated that they are working on reducing production costs, “So we can fully offset the tariff effect.”

Stalentis absorbed 300 million euros ($ 350 million) of 2025 tariff effects during the first half of the first year, as the car manufacturer posted a loss of 2.3 billion euros (about $ 2.7 billion). During this period, American shipments were almost a quarter below as the car manufacturer reduced import vehicles produced abroad.

The manufacturer of Jeep, Chrysler, Fiat and Puzo cars reported that the net profit had fallen by 5.6 billion euros ($ 6.5 billion) in the same period last year, as it was burnt to 3.3 billion euros to cancel the hydrogen fuel cell project, changes and platform investments in the government for the US carbon emission regulations.

Stalentis said that net revenue was expected to increase in the next six months compared to the first half, when they fell 13% to 74.3 billion euros ($ 85.7 billion). The car manufacturer also said that cash flow would improve.

Philosa said that the new executive team will take a difficult decision necessary to re -establish profitable development and improve the results significantly. “

Choline Barry, Associated Press