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.