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Stellantis Suspends Guidance on Tariff Uncertainty
Stellantis suspended its full-year guidance, citing U.S. tariffs and the difficulty in predicting their potential impact on market volumes and the competitive landscape.
U.S. President Trump imposed a 25% tariff on automotive imports into the U.S., but he said Tuesday that his range of other duties wouldn’t be stacked on top, in a move aimed at softening the blow to car makers.
However, Stellantis said it is taking action to adjust production plans and identifying opportunities for improved sourcing.
“The company is highly engaged with policymakers on tariff policies, while taking action to reduce impacts,” it said in a statement.
https://www.msn.com/en-us/money/companies/stellantis-suspends-guidance-on-tariff-uncertainty/ar-AA1DTwYC