Market Overview - Major U.S. index futures are showing positive movement, with Dow futures up 0.16%, S&P 500 futures up 0.24%, and Nasdaq futures up 0.40% [1] Technology Sector - Most technology stocks are rising, with Nvidia up over 1.5% in pre-market trading, and AMD and Advanced Micro Devices both up over 1% [2] - Nvidia reportedly placed an order for 300,000 H20 chips from TSMC, contributing to its pre-market increase of over 1.5% [4] Chinese Stocks - Several Chinese stocks are experiencing significant gains, including Li Auto up over 4%, GDS Holdings up over 3%, and Miniso and NIO both up over 1% [3] Biotechnology Sector - Sarepta Therapeutics saw a pre-market surge of over 40% after the FDA authorized the resumption of its gene therapy Elevidys for treating Duchenne muscular dystrophy (DMD) [5] Apple Inc. - Apple announced the closure of its first direct retail store in China, located in Dalian, set to close on August 9, 2025, due to the departure of multiple retailers from the shopping center [6] Tesla Inc. - Tesla's Shanghai energy storage superfactory has officially produced its 1,000th Megapack energy storage system, which will be shipped to Europe [7] Automotive Industry - Ford has signed a new $3 billion revolving credit agreement, with a borrowing term lasting until July 28, 2026 [8] - Stellantis reported a 13% year-over-year decline in net revenue for the first half of 2025, totaling €74.3 billion, primarily impacted by declines in North America and Europe, resulting in a net loss of €2.3 billion compared to a net profit of €5.6 billion in the same period last year [9]

Group 1 - Major stock index futures are showing positive movement, with Dow futures up 0.16%, S&P 500 futures up 0.24%, and Nasdaq futures up 0.40% [1] - Technology stocks are mostly rising, with Nvidia up over 1.5% and AMD and Advanced Micro Devices up over 1% [2] - Some Chinese concept stocks are experiencing significant gains, with Li Auto up over 4%, Global Data up over 3%, and Miniso and NIO up over 1% [2] Group 2 - Nvidia reportedly placed an order for 300,000 H20 chips from TSMC, contributing to its pre-market rise of over 1.5% [4] - Sarepta Therapeutics saw a pre-market surge of over 40% after the FDA authorized the resumption of its gene therapy Elevidys for treating Duchenne muscular dystrophy [5] - Apple announced the closure of its first direct store in China, located in Dalian, due to the departure of several retailers from the shopping center, with the store set to close on August 9, 2025 [6] Group 3 - Ford has signed a new $3 billion term loan agreement, which will last until July 28, 2026, with drawn loans maturing on December 31, 2028 [8] - Stellantis reported a 13% year-over-year decline in net revenue for the first half of 2025, totaling €74.3 billion, primarily due to declines in North America and Europe, resulting in a net loss of €2.3 billion compared to a net profit of €5.6 billion in the same period last year [9]

智通财经APP获悉，全球汽车巨头Stellantis(STLA.US)周二表示，由于欧盟与美国达成新的贸易协定， 这家旗下拥有Jeep和菲亚特等品牌的车企在恢复财务指引的同时，预计今年下半年将面临约12亿欧元 (约合14亿美元)的关税冲击。 Stellantis在声明中称，下半年经调整后的营业利润率预计将维持在低个位数水平，这一预测较其在4月 份因关税混乱而撤销的全年中个位数利润率预期有所下调;该公司还预测，相较于上半年消耗30亿欧元 (34.8亿美元)现金流的窘境，下半年工业自由现金流将有所改善。 另一方面，Filosa还面临欧洲产能过剩及旗下品牌振兴的难题。以玛莎拉蒂为例，这家豪华车制造商上 半年出货量暴跌，利润率跌至-38%。 包括Michael Tyndall在内的汇丰银行分析师在最近的一份报告中写道："在市场停滞的背景下，Stellantis 市场份额流失越多，成本压缩需求就越大。但管理层表态暗示此前的削减措施已过度，这对投资者而言 构成两难抉择。" 这令Stellantis将销售复苏希望寄托于Jeep切诺基混动版和道奇Charger Sixpack燃油版等新车型。数据显 示，受停产及关税上调影响， ...

目前，Stellantis新任首席执行官Antonio Filosa正面临双重挑战：既要应对汽车行业格局剧变，又要修正 公司战略失误。特朗普的贸易政策持续推高企业成本并重塑全球供应链格局，而比亚迪（002594） (01211)等中国车企的强势进军更令本已增长乏力的欧洲汽车市场雪上加霜。 而Stellantis的问题在其传统利润核心——北美市场最为严重。第二季度该地区出货量骤降25%，关税影 响进一步推高运营成本，挤压净利润空间。由于零部件价格上涨及加拿大、墨西哥工厂的临时停产，集 团上半年产能遭受重创，这导致北美地区上半年净营收仅略超280亿欧元，首次被欧洲市场的292亿欧元 反超。 全球汽车巨头Stellantis(STLA.US)周二表示，由于欧盟与美国达成新的贸易协定，这家旗下拥有Jeep和 菲亚特等品牌的车企在恢复财务指引的同时，预计今年下半年将面临约12亿欧元(约合14亿美元)的关税 冲击。 Stellantis在声明中称，下半年经调整后的营业利润率预计将维持在低个位数水平，这一预测较其在4月 份因关税混乱而撤销的全年中个位数利润率预期有所下调;该公司还预测，相较于上半年消耗30亿欧元 (34.8 ...

Stellantis(STLA.US)盘前跌超3.5%，报9.36美元。消息面上，Stellantis公布上半年初步数据，净营收同比 下降13%至743亿欧元，主要受累于北美及欧洲销售下跌；较去年同期由盈转亏，录得净亏损23亿欧 元。公司已重新制定财务指引，预计下半年财报将继续按半年录得改善，预计收入将有所增加，经调整 经营溢利率呈低单位数，工业自由现金流表现会有改善。另外，Stellantis预计今年关税净冲击约为15亿 欧元，当中3亿欧元会在上半年入账。(格隆汇) ...

Core Insights - Stellantis has reinstated its financial guidance and anticipates a gradual recovery in the coming months despite reporting a significant net loss in the first half of the year [1][3][4] Financial Performance - The company reported a first-half net loss of 2.3 billion euros ($2.65 billion), a stark contrast to a net profit of 5.6 billion euros in the same period of 2024 [1][2] - First-half net revenues were 74.3 billion euros, reflecting a 13% year-on-year decline, primarily due to decreases in North America and other regions [2] Future Outlook - Stellantis expects increased net revenues, low-single-digit adjusted operating income profitability, and improved industrial free cash flow in the second half of the year [3] - The CEO emphasized the importance of leveraging the strengths and ideas of the workforce to address current challenges and improve results [4][5]

Stellantis expects a €1.2 billion hit from tariffs in second half of this year as it restores guidance following the EU-US trade deal https://t.co/jUgiuUv4By ...

Stellantis上半年净营收743亿欧元 同比下降13% 智通财经7月29日电，Stellantis发布2025年上半年财报显示，净营收743亿欧元，同比下降13%，主要受 北美和欧洲地区同比下滑影响，部分被南美地区增长所抵消，上半年净亏损23亿欧元，去年同期为净利 润56亿欧元。 ...

Core Insights - Stellantis reported a challenging first half of 2025, with net revenues of €74.3 billion, down 13% compared to H1 2024, primarily due to declines in North America and Enlarged Europe, partially offset by growth in South America [6][8] - The company experienced a net loss of €2.3 billion in H1 2025, a significant decline from a net profit of €5.6 billion in H1 2024, reflecting the impact of external headwinds and strategic challenges [8][6] - A new leadership team, led by CEO Antonio Filosa, has been established to navigate the company through these challenges and focus on profitable growth [7][9] Financial Performance - Net revenues decreased from €85.0 billion in H1 2024 to €74.3 billion in H1 2025, marking a 13% decline [5][8] - Adjusted operating income fell to €0.5 billion with a margin of 0.7%, down from €8.5 billion and 10.0% in the previous year, indicating a 94% decrease in operating performance [5][8] - Industrial free cash flows were negative at €3.0 billion, worsening from a negative €0.4 billion in H1 2024, driven by high capital expenditures and R&D costs [5][8] Market Dynamics - The company faced significant external challenges, including foreign exchange headwinds, tariffs, and declines in European light commercial vehicle (LCV) industry volumes [6][8] - Despite these challenges, Stellantis reported sequential improvements in shipments, net revenues, and adjusted operating income compared to H2 2024, indicating a gradual recovery [2][8] Strategic Initiatives - Stellantis launched four new models in H1 2025 and plans to introduce ten new models throughout the year, aiming to enhance market share and customer engagement [10][11] - The company has re-established financial guidance for H2 2025, expecting increased net revenues and low-single digit adjusted operating income profitability [15][8] - Stellantis is actively engaging with policymakers regarding tariff impacts, estimating a net tariff impact of approximately €1.5 billion for 2025 [14][8] Segment Performance - North America reported a significant decline in shipments and net revenues, with a net loss of €951 million in H1 2025 compared to a profit of €4.4 billion in H1 2024 [18][20] - South America showed resilience with a 5% increase in net revenues, driven by higher shipments, particularly in Argentina [19][23] - The Enlarged Europe segment also faced challenges, with a decrease in shipments and net revenues, reflecting ongoing market pressures [18][20]

Group 1: Market Reaction and Expectations - Investors expect a rebound in European stock markets following the trade agreement between the US and EU, with automotive and luxury goods manufacturers leading the rise [1][3] - The Stoxx 600 index is currently 2.3% lower than its historical high in March, indicating potential for recovery in sectors heavily impacted by tariffs [3] - The agreement is seen as a significant boost for the European stock market, especially during the earnings season [3] Group 2: Key Sectors and Companies - The automotive sector, including companies like Stellantis, Volkswagen Group, Mercedes-Benz Group, and BMW, is expected to benefit significantly from the 15% tariff agreement [3][4] - Luxury goods manufacturers such as LVMH, Kering, and Ferragamo are also in focus, as North America is a crucial market for the luxury sector [3] - Beverage manufacturers and shipping companies, including Diageo, Remy Cointreau, and Maersk, are highlighted due to their sensitivity to freight business and tariffs [4] Group 3: Market Sentiment and Future Outlook - Market sentiment is cautious, with some investors warning that the initial rise may be temporary until more details about the trade agreement are clarified [4][5] - Analysts suggest that while there may be a short-term rebound, long-term implications could suppress economic growth in Europe [5] - The automotive sector is identified as a major winner from the tariff agreement, with potential benefits also extending to US defense and energy sectors due to EU procurement commitments [5]