Stellantis NV and Volkswagen AG are highly exposed to US President Donald Trump’s new tariffs on vehicles imported from Mexico and Canada, with Bloomberg Intelligence estimating the levies could wipe out €5.
1d
Stocktwits on MSNFord, GM, Stellantis Jump After-Hours As Trump Rekindles Tax Deduction Plan For US-Made Cars Amid Rising Retail ConfidenceShares of Ford Motor Co., General Motors Co., and Stellantis NV climbed in after-hours trading on Tuesday following remarks from President Donald Trump, who reiterated his plan to make interest payments on car loans tax deductible — but only for American-made vehicles.
Global ratings agency S&P Global said on Thursday it has downgraded Stellantis to "BBB" from "BBB+", citing weak margin prospects. S&P said it expects the price cuts implemented in North America and Europe late last year coupled with affordability concerns from buyers to limit the automaker's volume growth and margin expansion in those markets.
If left in place, such high import duties would make Detroit's North American-centric business structurally unprofitable, warns Barclays investment bank.
President Donald Trump granted U.S. automakers a short reprieve from stiff new tariffs on imports from Mexico and Canada this week.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results