Stellantis Has Spent 2025 Bleeding Cash

Happy Monday! It's July 21, 2025, and this is The Morning Shift, your regular roundup of nan apical automotive headlines from astir nan world, successful 1 place. This is wherever you'll find nan astir important stories that are shaping nan measurement Americans thrust and get around.

In this morning's edition, we're looking astatine Stellantis' multi-billion-dollar 2025 losses, arsenic good arsenic BYD's stagnation. We'll besides look astatine Europe's retaliation against American tariffs, and nan extremity of an NHTSA investigation into Nissan.

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Stellantis hasn't had a awesome 2025 truthful far, according to nan company's financial records. The automaker is $2.7 cardinal successful nan hole, and still trying to navigate nan ongoing waste and acquisition warfare nan Trump management has instigated betwixt nan U.S. and Europe — not awesome for a half U.S., half European company. From Reuters:

Stellantis reported a preliminary 2.3 cardinal euro ($2.7 billion) first-half nonaccomplishment arsenic it faces nan dual situation of revamping its merchandise ranges successful Europe and nan United States while besides dealing pinch nan effect of U.S. tariffs connected vehicles and car parts.

Stellantis said connected Monday it booked 3.3 cardinal euros successful pre-tax charges for nan first half arsenic it cancelled programmes, including a hydrogen substance compartment project, kept mounting speech money for fines linked to U.S. pre-Trump c emanation regulation, while investing much successful celebrated hybrid cars successful Europe and ample gasoline-powered models successful nan U.S. market.

Lucky for Stellantis, CAFE regs are dormant — that money being held for fines tin now spell to different uses. Presumably paying tariffs 1 measurement aliases another. 

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BYD has been taking nan world by large wind complete nan past fewer years, but nan past fewer weeks person been a different story. The company's income person slowed, and it whitethorn moreover travel successful beneath its targets for nan twelvemonth — not thing we're utilized to seeing from nan automaker that erstwhile seemed primed to extremity each competitors. From Automotive News China:

BYD Co.'s monthly income person stagnated of precocious and pinch nan summertime months being a traditionally slower clip for user purchases, that trajectory isn't expected to reverse immoderate clip soon.

Discounting is besides now being looked sternly upon by Beijing, pinch China past week pledging to rein successful "irrational competition" successful nan electrical conveyance sector, reflecting authorities' wish to tackle nan deflationary value wars that are threatening economical and business growth.

Some of BYD's world forays are besides proving much challenging than expected, raising nan question, is China's No. 1 automaker connected shaky ground?

In each likelihood, BYD will extremity up doing conscionable good erstwhile authorities power connected nan full discount point cools off. Turns out, group for illustration cheap, applicable cars. Who would've thought? 

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The European Union is 1 of nan United States' biggest trading partners, which of people intends we're now successful a dick-measuring title complete tariffs pinch nan bloc. Why? God only knows. Now our extremity is apparently proposing tariff levels that would functionally extremity trade, truthful nan EU's representatives are getting tired of offering carrots and are considering busting retired nan sticks. From Reuters:

The European Union is exploring a broader group of imaginable counter-measures against nan United States arsenic prospects for an acceptable waste and acquisition statement pinch Washington fade, according to EU diplomats.

An expanding number of EU members, including Germany, are now considering utilizing wide-ranging "anti-coercion" measures which would fto nan bloc target U.S. services aliases curb entree to nationalist tenders successful nan absence of a deal, diplomats say.

The European Commission, which negotiates waste and acquisition agreements connected behalf of nan 27-member bloc, had appeared connected people for a statement successful which nan EU would still person faced a 10% U.S. tariff connected astir of its exports, pinch immoderate concessions.

Such hopes now look dashed aft President Donald Trump's threat to enforce a 30% tariff by August 1, and pursuing talks betwixt EU Trade Commissioner Maros Sefcovic and U.S. counterparts successful Washington past week.

What's adjacent for our tariffs? Anyone who tin foretell nan reply to that mobility should beryllium a millionaire by nan extremity of nan twelvemonth from trading disconnected nan uncertainty alone. Will that beryllium you?

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The National Highway Traffic Safety Administration launched an investigation into Nissan backmost successful 2023, for vehicles that could drawback fire. This is mostly not thing you want your vehicles to do, but it seems nan investigation lit capable of a occurrence nether Nissan to get things solved. After nan institution issued a callback for nan affected vehicles, NHTSA's investigation is now over. From Reuters:

The National Highway Traffic Safety Administration said connected Monday that it is closing a preliminary information into 454,840 Nissan vehicles complete motor nonaccomplishment aft nan Japanese automaker issued a callback successful June.

...

An motor nonaccomplishment could consequence successful a occurrence if soul components detached and damaged nan motor block, creating a spread that allowed motor lipid to scope basking surfaces, nan U.S. car information authority said.

NHTSA said that a full of 1,878 incidents were reported, of which 12 resulted successful either clang aliases a fire.

The probe included nether its scope definite models of Nissan Rogue, Altima and luxury vehicles, Infiniti's QX50 and QX55, nan NHTSA study said.

If you ain a Rogue, QX50, aliases QX55, tally your VIN and make judge you don't person immoderate unfastened recalls. If you do, get those done arsenic soon arsenic you can. Maybe transportation your room occurrence extinguisher astir successful nan car until then, conscionable successful case. 

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I emotion nan abstraction shuttle. I've been meaning to make a travel retired to nan Intrepid present successful New York, since they sewage a shuttle since I past visited. Maybe they still person that pouch weapon they confiscated from maine arsenic a child, arsenic if a 12-ish-year-old kid was going to commandeer nan U.S.S. Intrepid pinch a Leatherman. 

'Kids With Guns" has to beryllium 1 of nan much celebrated Gorillaz tracks retired there, and I still deliberation it's underrated. It's ever amended than you remember.