Stellantis NV (NYSE: STLA) announced temporary layoffs and production halts in North America due to new tariffs imposed by the U.S. government, which affected the auto industry and stock performance. The company plans to lay off 900 workers across five facilities in the United States.
Stellantis is temporarily laying off nearly 1,000 workers in the U.S. as it pauses production at some plants in Canada and Mexico in response to the tariffs imposed by President Donald Trump. The layoffs affect workers at five plants in Michigan and Indiana, a company spokesperson said.
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Just Auto on MSNStellantis announces 900 US worker layoffs amid tariffsThe Trump administration raised tariffs to a standard 10% on all imports, with auto imports seeing a 25% hike.
Stellantis NV announced temporary layoffs of 900 workers at five U.S. facilities due to recent tariffs imposed by the U.S. government, including a 25% levy on auto imports. This move has raised concerns among union leaders and affected the company's production in the U.
Stellantis will temporarily suspend production at a plant in Canada and a facility in Mexico, the automaker announced on Thursday, shortly after
Stellantis' stock struggles with market uncertainty and Trump-era challenges. Read why STLA stock remains a sell amid continued weakness.
Stellantis announced temporary layoffs of 900 U.S. workers who produce parts for vehicles built in Canada and Mexico, while Ford introduced discounts on most 2024 and 2025 models.
The maker of Ram trucks and Jeeps announced Thursday that it will temporarily lay off 900 workers at five U.S. facilities. The decision by Stellantis comes after President Donald Trump's tariffs were announced this week.
The Stellantis Windsor Assembly Plant is set to shut down for two weeks starting April 7, as confirmed by Unifor Local 444. The decision comes in response to new U.S. tariffs announced by President Donald Trump, adding another layer of uncertainty to the North American auto industry.