Stellantis said Monday that it swung to a net loss in the first half of the year, as the Big Three automaker was hit by tariffs as well as restructuring costs and a sales slump.

In all, the company expects to have lost as much as $2.7 billion over the first half of 2025 as a result of costly efforts to improve profitability and tariff-related expenses. The losses also include compliance charges with Trump’s suspension of financial penalties tied to fuel emissions standards.