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GM & Stellantis Hit by Trump Tariffs, Q2 Profit Tumbles
(TestMiles) – General Motors and Stellantis, two pillars of the U.S. automotive industry, are grappling with escalating costs and shrinking profits as recent Trump-era tariffs take effect. GM saw a ...
President Donald Trump has struck deals to lower duties on imports from Japan and the European Union, while threatening to ...
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Stellantis CEO targets US turnaround as carmaker faces $1.7 billion hit from tariffs this year
Stellantis is forecasting that U.S. tariffs would cost the carmaker $1.7 billion this year, five times the hit taken in the first six months of the year when the carmaker tallied losses of $2.65 ...
The U.S. auto industry’s bill under a 25% uniform tariff rate is eye-watering. The Center for Automotive Research (CAR) has ...
Stellantis expects more impact from U.S. tariffs on vehicles and auto part imports in the second half of 2025, the company said on Monday as it reported a preliminary 2.3 billion euro ($2.7 billion) ...
Auto workers are bracing for a financial blow as profit sharing evaporates amid rising tariffs and shrinking industry margins ...
Prices have risen a tad on some items especially affected by tariffs. But for the most part, companies are finding ways to ...
B ig Three automaker Stellantis ( STLA) updated its first half financials after releasing preliminary figures last week, noting that President Trump's tariffs will cost 1.5 billion euros ($1.73 ...
President Donald Trump plans to impose a 100% tariff on imported computer chips, a move experts warn could compel companies to pull back on production or hike prices.
No car company is immune. Even those that make most of their vehicles in the United States use imported parts that can amount ...
General Motors and Stellantis warn that the tariffs will have a significantly greater effect in the second half of the year.
The owner of brands including Jeep and Chrysler said it booked 300 million euros ($349 million) of net costs in the first half of the year from “the early effects of US tariffs." Stellantis said ...
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