MILAN, March 27 (Reuters) - John Elkann, the chairman of

Stellantis ( STLA ), voiced concerns on Thursday over the

impact of 25% U.S. tariffs imposed on the carmaking sector on

the cost of vehicles and demand.

Speaking to analysts on a conference call, Elkann underlined

the message voiced by a trade body grouping Chrysler and Jeep

maker Stellantis ( STLA ), GM and Ford.

"(It) made a very clear statement about the dialogue ongoing

with the Trump administration, and the importance of the

competitiveness of the integrated North American automotive

sector," he said.

"But more importantly, the concern on the affordability of

our products, our products made in America, and the implications

on demand, on what will this uncertainty mean for demand in the

United States of America," he added.

Following the announcement on tariffs by U.S. President

Donald Trump, Milan-listed shares in Stellanits hit their lowest

point since the automaker was created in early 2021 through the

merger of Fiat-Chrysler and Peugeot maker PSA.

By 1530 GMT they were down 4.3%.

Elkann was speaking during a conference call for Exor

, the investment group of Italy's Agnelli family of

which he is a member and where he is chief executive.

Ferrari, where Elkann is also the chairman, said

on Thursday it would lift prices of some of its cars in response

to the imposition of tariffs.