1 month ago
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The car company behind the brands Vauxhall, Jeep and Fiat says US President Donald Trump’s tariffs have already cost it just over US$349 million.
Stellantis said the financial hit was a result of tariffs impacting trade and the company’s loss of planned production in its response to the them.
A 25 per cent tariff on cars being imported to the US has been place since April.
Trump’s policy decision has threatened to upend global car trade and supply chains, with some car manufacturers, including Jaguar Land Rover, JLR, temporarily pausing exports to the US in response.
Stellantis owns 14 car brands, including Alfa Romeo, Chrysler and Dodge.
It said its shipments to North America were 25 per cent lower in the three months to June compared to the same period in 2024, due in part to tariffs.
Total sales over that time were also down 10 per cent, the company said in preliminary figures for the first half of the year.
English (US) ·