Stellantis sees greater tariff impact
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You might have noticed that in recent times, it seems that most of Stellantis's North American model lineups have been slimmed down to just a small handful of options–options that seem like they're either incredibly dated,
(Reuters) -Shares in major European carmakers rose on Wednesday, tracking a steep rally in some of their Asian rivals, after Tokyo struck a trade deal with the United States, fuelling optimism for a similar agreement with Europe.
Registrations fall 4.4% as economic headwinds persist; Chinese brands gain ground while Stellantis and Tesla lose share.
Trading updates and corporate earnings from some of Europe’s auto giants show the extent to which Trump’s tariffs have started to take their toll.
Big Three pillar Stellantis issued a rather shocking warning this week when it reported preliminary financial figures that estimate a $2.7 billion first half loss. And as the auto company gets focused on the poor financials – impacted largely by tariff costs and related production losses – it’s also unveiled some strategic changes relating to R&D.