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In all, the company expects to have lost as much as $2.7 billion over the first half of 2025 as a result of costly efforts to improve profitability and tariff-related expenses. The losses also include ...
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 ...
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 ...
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.
General Motors and Stellantis warn that the tariffs will have a significantly greater effect in the second half of the year.
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 ...
The chief financial officer said the impact was not representative of what the group expects for the second half, as tariffs ...
Escalating U.S. tariffs under Trump are inflicting billions in losses on the global auto industry, hitting Japan’s Toyota and ...
Trump’s new auto tariffs could slash UAW worker bonuses as higher costs threaten automaker profits and ripple through the ...
No car company is immune. Even those that make most of their vehicles in the United States use imported parts that can amount ...
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.
President Donald Trump has announced plans to impose a 100% tariff on imported computer chips, a decision that could have ...