Stellantis Takes $2.7 Billion Hit in Market Shaken by Trump (2)

Stellantis NV’s new Chief Executive Officer Antonio Filosa offered investors a first glimpse of his plan to overhaul the struggling automaker for a global car market that’s being reshaped by US President Donald Trump.

The maker of Jeep SUVs and Fiat cars on Monday announced a surprise €2.3 billion ($2.7 billion) first-half net loss — analysts had expected a small profit — as the company tallies the costs of trade wars and scraps investments in electric and hydrogen vehicles to account for reduced demand. Trump has dialed back US support for EVs since he returned to the White House. ...