Stellantis, the vehicle manufacturer in charge of Vauxhall and Fiat, is expected to post a net loss of almost £2billion as it fights back against President Trump's auto tariffs.
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In an announcement this morning, Stellantis confirmed that it had posted a net loss of €2.3billion or £1.99billion, alongside net revenues of €74.3billion (£64.3billion) in the first half of the year.
Stellantis noted that the early effects of US tariffs had an impact on the financial results of the manufacturer.
US President Donald Trump launched automotive tariffs on all foreign imports of cars and vehicle parts at a flat rate of 25 per cent at the start of April.
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