Stellantis has announced the appointment of Joao Laranjo as Chief Financial Officer and member of the Stellantis Leadership Team, effective immediately. Laranjo succeeds Doug Ostermann, who has resigned from the company for ‘personal reasons’. The change comes as the company struggles to turn itself around after its decline in the US market and the impact of US import tariffs this year. Stellantis lost $2.7 billion (€2.3 billion) in the first six months of 2025. Last week, the company said it will pause p ...

Stellantis will temporarily halt production at its plant in Mulhouse from October 27 to November 2, a union and the company said on Tuesday. ...

Core Insights - Stellantis appointed Joao Laranjo as CFO, succeeding Doug Ostermann, who resigned for personal reasons. This marks another leadership change within the company following a series of executive shifts under new CEO Antonio Filosa [4][3]. Company Leadership Changes - Laranjo has a strong background, having previously served as CFO for Stellantis North America and held various roles at Fiat Chrysler Automobiles and General Electric [2][4]. - The leadership changes at Stellantis include the appointment of Scott Thiele as head of supply chain and a new head of purchasing, alongside expanded responsibilities for Laranjo, who will now oversee mergers and acquisitions and joint ventures [3][4]. Financial Performance - Stellantis reported a net revenue of 74.3 billion euros for H1 2025, reflecting a 13% decline from the previous year, primarily due to challenges in North America and Europe [5]. - The company experienced a net loss of 2.3 billion euros in H1 2025, contrasting with a net profit of 5.6 billion euros in H1 2024 [5]. Impact of Tariff Policies - The decline in shipments and revenue in North America is attributed to shifting tariff policies, which have cost Stellantis approximately 330 million euros to date. The full-year cost of tariffs is expected to reach between 1 billion and 1.5 billion euros [6][7]. - The Trump administration's tariffs on autos and auto parts, as well as increased tariffs on steel and aluminum, have affected Stellantis and other automakers like Ford and General Motors [7]. Market Outlook - Despite high costs and tariff impacts, new vehicle sales in the U.S. are projected to show resilience, with a 6% year-over-year increase expected in September [8]. - The strong pace of new vehicle sales in Q3 is attributed to reduced uncertainty surrounding tariffs and a surge in electric vehicle sales driven by expiring tax credits [9].

Core Insights - Stellantis N.V. is recalling 123,396 vehicles in the U.S. due to potential road hazards from detached window trim pieces [1][2][9] - The company is facing significant challenges in North America, with U.S. sales declining for eight consecutive quarters [2] - Financial performance has deteriorated, with a 13% year-over-year revenue drop to €74.3 billion in H1 2025 and a net loss of €2.3 billion [3][9] - Leadership changes, including the exit of CEO Carlos Tavares, add uncertainty, with new CEO Antonio Filosa expected to present a turnaround plan in early 2026 [4][9] - Near-term risks include projected tariff costs of €1.5 billion for 2025 and a negative free cash flow of €3 billion in H1 2025 [5] Financial Performance - Revenues decreased by 13% year-over-year to €74.3 billion in the first half of 2025 [3] - The company reported a net loss of €2.3 billion, a significant decline from a profit of €5.6 billion in the same period last year [3][9] - Adjusted operating income fell to €500 million, with profit margins collapsing to 0.7% from 10% [3] Leadership and Strategy - Following the departure of CEO Carlos Tavares, new CEO Antonio Filosa will outline a turnaround strategy in early 2026 [4] - The leadership transition contributes to low visibility regarding the company's future performance [4] Risks and Challenges - Stellantis anticipates €1.5 billion in tariff costs for 2025, with €0.3 billion already accounted for in H1 2025 [5] - The company's net financial position has weakened, with net debt rising to €6.5 billion after cash burn in the first half of 2025 [5]

Core Insights - Stellantis has reduced its workforce by nearly 10,000 jobs in Italy over the past four years [1] - Vehicle production, including vans and small trucks, has decreased by more than 50% since 2004 [1]

Market Performance - French stocks are exhibiting a mixed performance with the benchmark CAC 40 showing a slight increase of 2.89 points or 0.04% to 7,873.57, fluctuating between 7,872.29 and 7,901.23 [1] - Investors are cautious due to a lack of market triggers and are looking forward to important economic data later in the week [1] Sector Performance - Luxury stocks are experiencing some support, with companies like Kering, STMicroElectronics, EssilorLuxottica, Hermes International, Eurofins Scientific, Stellantis, and LVMH gaining between 1.1% and 1.8% [1] - Other companies such as Thales, Bureau Veritas, Accor, Unibail Rodamco, Dassault Systemes, Capgemini, and Airbus are also seeing gains, ranging from 0.3% to 0.7% [2] Declining Stocks - TotalEnergies is down approximately 1.25%, while Veolia Environment, Engie, Societe Generale, Orange, Sanofi, Michelin, and Euronext are declining between 0.5% and 1% [3] Economic Indicators - The economic sentiment indicator in the Euro Area increased to 95.5 in September from a revised 95.3 in August, slightly surpassing market expectations of 95.2 [3] - Euro Area consumer confidence improved to -14.9 in September from -15.5 in August, aligning with preliminary estimates [3]

Group 1 - Stellantis CFO Doug Ostermann is resigning for personal reasons, marking another change in the company's leadership [1] - Joao Laranjo, a veteran from Stellantis' predecessor Fiat Chrysler, will immediately take over the CFO position [1] - Analyst Michael Foundoukidis expressed that Ostermann's departure adds to the instability in management and raises concerns about the efforts needed to turn the company around [1] Group 2 - Stellantis reported a net loss of €2.3 billion (approximately $2.7 billion) for the first half of the year, surprising investors [2] - The company forecasts a reduction in profits by about €1.5 billion due to higher tariffs impacting its already struggling North American operations [2] - Stellantis is suspending production at some European plants due to weak demand for models like the Alfa Romeo Tonale SUV [2] - European automakers are facing challenges such as slowing electric vehicle sales, weak consumer demand, and increasingly strict emissions regulations [2] - Stellantis shares have dropped 23% year-to-date, trading at $9.26, up 0.33% in pre-market on Monday [2]

Europe once led the automotive and renewable energy revolutions. Now, as China builds factories on European soil, the continent risks relegating itself to junior-partner status in the technologies of the 21st century, argues Paul Bennett of Madox Square Advisory. Europe stands at a critical crossroads, and it appears to be choosing the path of least resistance, one that leads directly into China’s strategic embrace. The announcement that China’s CATL will deploy 2,000 workers to construct and operate a € ...

Stellantis Appoints Joao Laranjo CFO as Doug Ostermann Resigns https://t.co/2VUY4Mzie0 ...

Core Viewpoint - The divergence among European automakers regarding the transition to electric vehicles (EVs) is becoming increasingly public, highlighted by the recent Munich Auto Show, where companies showcased new EV models while collectively calling for a delay in the 2035 ban on the sale of internal combustion engine (ICE) vehicles, reflecting the industry's struggles with the EU's climate commitments and industrial realities [1][2]. Group 1: Regulatory Challenges - The EU approved regulations in March 2023 to ban the sale of new ICE vehicles starting in 2035 to reduce carbon emissions from the transport sector [2]. - Major automotive associations in Europe have expressed concerns that the EU's ambitious carbon reduction targets are no longer feasible, urging a recognition of industrial and geopolitical realities [2][3]. - German Chancellor Merz emphasized the need for regulatory flexibility while supporting the electrification of the automotive industry, arguing against a one-size-fits-all political approach to technology [2][3]. Group 2: Market Realities - Many leading automakers have struggled to gain widespread consumer acceptance for their EV offerings, leading to strategic adjustments, such as Mercedes-Benz postponing its target for EV sales to 50% by 2025 and Audi shelving its aggressive electrification plans [3][4]. - The European automotive industry has faced significant challenges, including slow progress in charging infrastructure, high electricity prices, and rising production costs, which complicate the transition to full electrification [4][5]. Group 3: Economic Impacts - The cancellation of EV purchase subsidies in Germany by the end of 2023 has led to a noticeable decline in EV sales, exacerbating pressures on the industry [5]. - The German automotive sector has seen a net job loss of approximately 51,500 positions over the past year, making it one of the hardest-hit industrial sectors [5]. Group 4: Strategic Responses - Some European automakers are advocating for a diversified technological approach, suggesting that the EU should enhance consumer incentives to improve EV adoption [6]. - Certain companies firmly support the 2035 ban on ICE vehicles, viewing it as essential for maintaining European competitiveness, while others believe that market dynamics will naturally lead to a transition as EV prices align with those of ICE vehicles [6][7]. Group 5: EU's Balancing Act - The EU is attempting to balance the demands of the automotive industry with its climate goals, reaffirming the 2035 ban while allowing for some flexibility in emissions targets [7]. - The 2035 ban is seen not only as a target for industrial transformation but also as a test of the EU's leadership in climate governance, with potential implications for the competitiveness of the European automotive sector in the global market [7].