Stellantis, Mexico
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The Associated Press - Business News |
U.S. President Donald Trump announced 25% tariffs on auto imports last week, but since Mexico has a free trade agreement with the United States and Canada, it believes it can get almost all of its au...
Reuters |
The U.S. plants affected are powertrain and stamping facilities.
St. Louis Post-Dispatch |
Automaker Stellantis is temporarily halting production at a plant in Canada and a plant in Mexico shortly after President Donald Trump announced a 25% tariff on imported vehicles.
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Stellantis plants that make Jeep, Chrysler and Dodge vehicles will see production paused. U.S. workers whose plants support them will be affected.
Some automakers impacted by President Donald Trump's tariffs began issuing employee discounts to the general public to drive sales amid the uncertain economic environment.
Stellantis NV said on Thursday it was temporarily laying off 900 workers at five U.S. facilities and pausing production at one assembly plant each in Mexico and Canada, after U.S. President Donald Trump's tariffs were announced.
Hours before the 25 percent tariff on cars made in Canada went into effect, the largest auto plant in Windsor, Ontario, announced it would close for two weeks.
Following the announcement on tariffs by President Trump, Milan-listed shares in Stellanits hit their lowest point since early 2021.
President Donald Trump’s tariff announcement earlier this week quickly led to layoffs and production pauses at one of the nation’s Big Three automakers. Stellantis is temporarily stopping production at two plants in Mexico and Canada,
20hon MSN
The price tag for Apple’s iPhones may increase by more than 40% after President Donald Trump announced sweeping reciprocal tariffs on U.S. trade partners, analysts said Thursday, as Trump’s trade policies will likely increase prices across several imported goods, including new cars, coffee, chocolate and other products.
Multiple automakers reported a surge in sales during March as shoppers rushed to dealerships to score a deal before tariffs took effect. But how long the boost will last remains to be seen once
Long-Term Issuer Default Rating (IDR) and senior unsecured rating to 'BBB' from 'BBB+'. The outlook for the auto manufacturer remains stable despite the downgrade, which was prompted by deteriorating market conditions in North America and rising cost pressures from new tariffs.