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Stellantis Chair Elkann met Trump and top US officials in Washington
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Stellantis Chair Elkann met Trump and top US officials in Washington
Jan 21, 2025 3:17 AM

MILAN, Jan 21 (Reuters) - Stellantis ( STLA ) Chairman

John Elkann has spent four days in Washington meeting with new

U.S. President Donald Trump and several top administration

officials, a company source told Reuters on Tuesday.

Elkann, who is currently steering Chrysler and Jeep parent

Stellantis ( STLA ) while the automaker looks for a new CEO, was among

global top executives who were invited to celebrations for

Trump's inauguration on Monday.

Trump did not immediately impose tariffs after he took

office on Monday, but said he was thinking about imposing 25%

tariffs on imports from Canada and Mexico on Feb. 1.

Stellantis ( STLA ), which makes some cars for the U.S. market in

Canada and Mexico, earlier said it considered itself well

positioned to adapt to Trump's policy changes.

"Trump's clear focus on policies that support a robust and

competitive manufacturing base in the United States is hugely

positive," it said in a statement. "We look forward to working

with him on the crucial objectives of strengthening our industry

and the nation's economy."

Stellantis ( STLA ) operates two assembly plants in Mexico: Saltillo,

which makes Ram pick-ups and vans, and Toluca, for the Jeep

Compass mid-sized SUV. It also owns two assembly plants in

Ontario, Canada: in Windsor, where it makes Chrysler models, and

Brampton, currently under retooling and scheduled to resume

production in 2025 with a new Jeep model.

The company imports from Mexico and Canada around 40% of the

vehicles it sells in the U.S., analysts at Banca Akros said in a

note on Tuesday.

In his inauguration speech on Monday, Trump also took

aim at electric vehicles, revoking a 2021 executive order signed

by his predecessor Joe Biden that sought to ensure half of all

new vehicles sold in the United States by 2030 were electric.

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