{"id":390420,"date":"2025-07-23T09:54:37","date_gmt":"2025-07-23T07:54:37","guid":{"rendered":"https:\/\/climatescience.press\/?p=390420"},"modified":"2025-07-23T09:54:38","modified_gmt":"2025-07-23T07:54:38","slug":"vauxhall-owner-slumps-to-2bn-loss-after-botched-bet-on-hydrogen","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=390420","title":{"rendered":"Vauxhall owner slumps to \u00a32bn loss after botched bet on hydrogen"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Stellantis blames restructuring costs and US tariffs for slip into red<\/em><\/strong><\/p>\n\n\n\n

The owner of Vauxhall has slumped to a \u20ac2.3bn (\u00a32bn) loss after cancelling an expensive bet on hydrogen-powered vehicles and electric cars. The Telegraph<\/a> has the story.<\/em><\/strong><\/p>\n\n\n\n

Stellantis, which also owns Fiat and Peugeot, said scrapping plans for a fleet of hydrogen-powered vans<\/a> as well as soaring restructuring costs and the impact of Donald Trump\u2019s trade war <\/a>would push it into the red for the first half of 2025.<\/p>\n\n\n\n

In results on Monday, it reported a \u20ac3.3bn hit to costs because of the cancelled hydrogen plan as well as plans to divert spending from electric to hybrid vehicles. The move comes after Mr Trump removed emissions-linked penalties for carmakers <\/a>across the US.<\/p>\n\n\n\n

Stellantis had planned to launch a range of hydrogen vans this year under its Pro One division, which were poised to be built in France and Poland.<\/p>\n\n\n\n

However, the plans were ditched after being deemed too \u201cniche\u201d and expensive. The company\u2019s European operating chief, Jean-Philippe Imparato, said last week the hydrogen market had \u201cno prospects of mid-term economic stability\u201d.<\/p>\n\n\n\n

The company is also reviewing its position in Symbio, a hydrogen fuel cell company in which it owns a 33pc stake.<\/p>\n\n\n\n

Stellantis is chaired by John Elkann, the grandson of Fiat scion Gianni Agnelli. The loss marks the first move by new chief executive Antonio Filosa, who Mr Elkann chose to replace former boss Carlos Tavares earlier this year.<\/p>\n\n\n\n

Read the full story here<\/a>.<\/em><\/strong><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Stellantis blames restructuring costs and US tariffs for slip into red<\/p>\n","protected":false},"author":121246920,"featured_media":390423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691830885,691836746,691831702,691827152,691821421],"class_list":{"0":"post-390420","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-electric-cars-evs","9":"tag-hydrogen-powered-vehicles","10":"tag-manufacturing-industry","11":"tag-tariffs","12":"tag-vauxhall","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/07\/0AQOUXaVrgxt3Vo3rQNbhbxeSPtGoL6sTsVrzMb-9z08LTJH8fiGC9wHle1GIWqyR8YOAI1weA0G-LbwcQ3-5o_0kxyswJEmCvalw3hI9NE3aypzYCwIKnzUEQJzQ5VoFiMxdyVgNVySdkeOUWwDfTSRw88wUmw-1.jpeg?fit=1280%2C1280&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1Dz6","jetpack-related-posts":[{"id":246166,"url":"https:\/\/climatescience.press\/?p=246166","url_meta":{"origin":390420,"position":0},"title":"Middle classes cannot afford electric cars, warns Vauxhall owner","author":"uwe.roland.gross","date":"28\/02\/2023","format":false,"excerpt":"Demand for electric cars slumps as energy crisis makes them more expensive to run","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/image-979.png?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/image-979.png?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/image-979.png?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/image-979.png?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":270050,"url":"https:\/\/climatescience.press\/?p=270050","url_meta":{"origin":390420,"position":1},"title":"Europe faces Chinese cheap car \u2018invasion\u2019, Vauxhall owner\u00a0warns","author":"uwe.roland.gross","date":"28\/07\/2023","format":false,"excerpt":"Vauxhall owner Stellantis has warned of a coming \u201cinvasion\u201d of cheap Chinese cars as it pressures its suppliers to cut costs to compete.","rel":"","context":"In \"China\"","block_context":{"text":"China","link":"https:\/\/climatescience.press\/?tag=china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00Screenshot-2023-07-28-at-3.38.48-AM-1280x716-1.png?fit=1200%2C671&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00Screenshot-2023-07-28-at-3.38.48-AM-1280x716-1.png?fit=1200%2C671&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00Screenshot-2023-07-28-at-3.38.48-AM-1280x716-1.png?fit=1200%2C671&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00Screenshot-2023-07-28-at-3.38.48-AM-1280x716-1.png?fit=1200%2C671&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00Screenshot-2023-07-28-at-3.38.48-AM-1280x716-1.png?fit=1200%2C671&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":350030,"url":"https:\/\/climatescience.press\/?p=350030","url_meta":{"origin":390420,"position":2},"title":"Vauxhall Owner Suffers Sales Plunge Amid EV Slowdown","author":"uwe.roland.gross","date":"03\/11\/2024","format":false,"excerpt":"Vauxhall owner Stellantis\u2019s sales have plunged by more than a quarter amid production issues and an electric vehicle slowdown in Europe.","rel":"","context":"In \"China\"","block_context":{"text":"China","link":"https:\/\/climatescience.press\/?tag=china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0Screenshot-2024-11-01-111403.jpeg?fit=1009%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0Screenshot-2024-11-01-111403.jpeg?fit=1009%2C628&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0Screenshot-2024-11-01-111403.jpeg?fit=1009%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0Screenshot-2024-11-01-111403.jpeg?fit=1009%2C628&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":352561,"url":"https:\/\/climatescience.press\/?p=352561","url_meta":{"origin":390420,"position":3},"title":"ZEV Mandates Force Closure of Vauxhall\u2019s Luton\u00a0Plant","author":"uwe.roland.gross","date":"27\/11\/2024","format":false,"excerpt":"Vauxhall is planning to shut its Luton van-making factory in a move that puts 1,100 jobs at risk, as\u00a0net zero rules force it to curtail sales of petrol vehicles.","rel":"","context":"In \"Automotive industry\"","block_context":{"text":"Automotive industry","link":"https:\/\/climatescience.press\/?tag=automotive-industry"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/091f497400f8a620f22cc1426d19b2c9e.jpg?fit=1200%2C752&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/091f497400f8a620f22cc1426d19b2c9e.jpg?fit=1200%2C752&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/091f497400f8a620f22cc1426d19b2c9e.jpg?fit=1200%2C752&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/091f497400f8a620f22cc1426d19b2c9e.jpg?fit=1200%2C752&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/091f497400f8a620f22cc1426d19b2c9e.jpg?fit=1200%2C752&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":334756,"url":"https:\/\/climatescience.press\/?p=334756","url_meta":{"origin":390420,"position":4},"title":"Vauxhall owner threatens to close UK car\u00a0factories","author":"uwe.roland.gross","date":"27\/06\/2024","format":false,"excerpt":"This is not sustainable in the long run, and the likes of Vauxhall would quickly run out of cash to do so. And it would make the problem doubly worse next year \u2013 not only would they face even tougher targets next year, but they would start the year with\u2026","rel":"","context":"In \"electric vehicle (EV)\"","block_context":{"text":"electric vehicle (EV)","link":"https:\/\/climatescience.press\/?tag=electric-vehicle-ev"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0939461c-f486-11ed-97af-27f55025e763.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0939461c-f486-11ed-97af-27f55025e763.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0939461c-f486-11ed-97af-27f55025e763.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0939461c-f486-11ed-97af-27f55025e763.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0939461c-f486-11ed-97af-27f55025e763.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":427153,"url":"https:\/\/climatescience.press\/?p=427153","url_meta":{"origin":390420,"position":5},"title":"Big Auto’s Bitter Pill: The Electric Boom Has Hit the Wall","author":"uwe.roland.gross","date":"20\/02\/2026","format":false,"excerpt":"A growing industry consensus that the rapid, widespread adoption of electric vehicles (EVs) - once projected as an imminent revolution - has stalled significantly, prompting major automakers to take massive financial hits and scale back ambitious plans.","rel":"","context":"In \"Automotive industry\"","block_context":{"text":"Automotive industry","link":"https:\/\/climatescience.press\/?tag=automotive-industry"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOq5e7SKjyuoCFUOWiprcHjXMSG4rkwsFoLDcl4UVozem3t1gLdvNn0Jqt-Nu1cx0T6JgbjnQySUAhHWxJjMK-6reUaWp0GCjXNLqpIeEbEdvBxYgkFYUXPDl7oKSBQmNnja-J3NuwknIMhjS3cNYaR-5kfFA.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOq5e7SKjyuoCFUOWiprcHjXMSG4rkwsFoLDcl4UVozem3t1gLdvNn0Jqt-Nu1cx0T6JgbjnQySUAhHWxJjMK-6reUaWp0GCjXNLqpIeEbEdvBxYgkFYUXPDl7oKSBQmNnja-J3NuwknIMhjS3cNYaR-5kfFA.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOq5e7SKjyuoCFUOWiprcHjXMSG4rkwsFoLDcl4UVozem3t1gLdvNn0Jqt-Nu1cx0T6JgbjnQySUAhHWxJjMK-6reUaWp0GCjXNLqpIeEbEdvBxYgkFYUXPDl7oKSBQmNnja-J3NuwknIMhjS3cNYaR-5kfFA.jpeg?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOq5e7SKjyuoCFUOWiprcHjXMSG4rkwsFoLDcl4UVozem3t1gLdvNn0Jqt-Nu1cx0T6JgbjnQySUAhHWxJjMK-6reUaWp0GCjXNLqpIeEbEdvBxYgkFYUXPDl7oKSBQmNnja-J3NuwknIMhjS3cNYaR-5kfFA.jpeg?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOq5e7SKjyuoCFUOWiprcHjXMSG4rkwsFoLDcl4UVozem3t1gLdvNn0Jqt-Nu1cx0T6JgbjnQySUAhHWxJjMK-6reUaWp0GCjXNLqpIeEbEdvBxYgkFYUXPDl7oKSBQmNnja-J3NuwknIMhjS3cNYaR-5kfFA.jpeg?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/390420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=390420"}],"version-history":[{"count":4,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/390420\/revisions"}],"predecessor-version":[{"id":390425,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/390420\/revisions\/390425"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/390423"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=390420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=390420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=390420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}