Stellantis has reported a net loss of €2.3 billion for the first half of the year, including €3.3 billion in net charges excluded from its adjusted operating income. A key factor behind the disappointing results is a drop in commercial vehicle sales across Europe.

“During my first weeks as CEO, my conviction has only deepened: we will fix what’s wrong at Stellantis by building on everything that’s right,” said newly appointed CEO Antonio Filosa in a statement on the half-year results. He added, “Our new management team fully recognises the challenges ahead and will continue to make the tough decisions needed to restore profitable growth and significantly improve performance.”

One such decision—mentioned only briefly—was the group’s choice to shut down its hydrogen-powered commercial vehicle business, citing limited future prospects. The abrupt halt is expected to come at a high cost. Earlier this week, Symbio, in which Stellantis holds a 33.3% stake alongside Michelin and Forvia, announced that conciliation proceedings had begun at the Lyon Commercial Court in an effort to reach an agreement with shareholders.

Stellantis will also discontinue certain programmes across its platforms. However, in a move geared toward the American market, the company plans to reintroduce a V8 engine—potentially boosting profits, albeit at the expense of its climate commitments.

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