Trump Delays Canada, Mexico Tariffs on Autos. GM, Ford, and Stellantis Stocks Rise.
European auto stocks jump on Trump tariff pause as Stellantis pledges 'more American cars'
Stellantis says it's aiming for more American manufacturing, thanks Trump for tariff exemption
Stellantis is thanking the Trump administration for giving it a one-month exemption from tariffs on Canada and Mexico, saying it aims to build more cars in the U.S.
Stellantis warns dealers of pain from tariffs, is in talks with Trump administration
Stellantis has told its U.S. dealers the 25% tariffs on products from Mexico and Canada will put the carmaker at a disadvantage against its Asian and European peers, an email sent to its retailers showed on Tuesday.
2 Troubled Carmakers, Nissan and Stellantis, Could Be Hit Hardest by Tariffs
A possible 25 percent levy on goods from Canada and Mexico is likely to raise the prices consumers pay for new cars and trucks, and disrupt complex supply chains.
Why General Motors, Ford, and Stellantis shares are rebounding on Wednesday
Shares of General Motors, Ford, and Stellantis climbed on Wednesday after a report suggested that the Trump admin may delay auto tariffs.
Ford, GM and Stellantis “Face 60% Free Cash Flow Hit from Tariffs”
The Big Three automakers Ford (F), General Motors (GM) and Chrysler-owner Stellantis (STLA) face a huge reduction in profits from a prolonged tariff war, according to analysts at Bernstein, adding to growing fears that an escalating trade war between the U.S. and its nearest neighbours could effectively wipe out profits for the auto industry.