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.
VW’s 1st Rivian-powered EV is coming in 2027.
Both automakers have recalibrated product plans after ousting CEOs who bet aggressively on EVs that consumers weren't ready to buy.
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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.
Car executives who’ve walked back their electric vehicle ambitions are breathing sighs of relief after the European Commission proposed easing emissions rules that were supposed to get stricter this year.
Shares in European carmakers and automotive suppliers fell sharply on Tuesday, after U.S. tariffs of 25% took effect on imports from Canada as well as Mexico, a major automotive supply and manufacturing hub for global firms.
A 25% import tariff on goods from Mexico and Canada is now in effect, including autos and auto parts, with UBS telling investors in a research
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.
Auto manufacturing — a staple of the Michigan economy for generations — represents one of the industries most vulnerable to international competition during U.S.-imposed tariffs, experts say.
The next-generation Jeep Compass for the European market will be built in Melfi, Italy, but will Stellantis export it to the US?
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AutoGuide on MSNCanada Goes Eye For Eye In Trump's Trade WarThe Trump administration has officially implemented 25% tariffs on imports from Canada and Mexico, setting off a trade war that will absolutely scramble the automotive industry.Canada has already responded with its own 25% tariffs,
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