financetom
Business
financetom
/
Business
/
Stellantis warns dealers of pain from tariffs, is in talks with Trump administration
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Stellantis warns dealers of pain from tariffs, is in talks with Trump administration
Mar 4, 2025 1:31 PM

(Reuters) -Stellantis ( STLA ) has told its U.S. dealers the 25% tariffs on products from Mexico and Canada will put the carmaker at a disadvantage against its Asian and European peers, an email sent to its retailers showed on Tuesday.

The Jeep parent is engaging with the Trump administration to mitigate the effects of the tariffs, it said in the email.

"These tariffs will put Stellantis' ( STLA ) flagship Chrysler, Dodge, Jeep and Ram brands at a competitive disadvantage versus Korean, Japanese and European importers, which are not facing similar tariffs at this time," the email said.

Automakers have sounded the alarm that the tariffs will disrupt the integrated supply chain across North America that has been in place for more than 25 years.

(Reporting by David Shepardson and Utkarsh Shetti in Bengaluru; Editing by Arun Koyyur)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
--Brooge Energy Shareholders File Fraud Complaint Against Ernst & Young, Reuters Reports
--Brooge Energy Shareholders File Fraud Complaint Against Ernst & Young, Reuters Reports
Dec 18, 2024
11:02 AM EST, 12/18/2024 (MT Newswires) -- Price: 1.47, Change: -0.12, Percent Change: -7.26 ...
Market Chatter: GFL In Exclusive Talks With Apollo to Sell Environmental Services Division In $8-billion Deal
Market Chatter: GFL In Exclusive Talks With Apollo to Sell Environmental Services Division In $8-billion Deal
Dec 18, 2024
11:00 AM EST, 12/18/2024 (MT Newswires) -- Canadian waste management giant GFL Environmental Inc. ( GFL ) is in exclusive talks with Apollo Global Management to sell its environmental services division for around $8-billion, The Globe and Mail is reporting Wednesday. GFL launched an auction for the division earlier this year and Apollo has emerged as the likely buyer, according...
Mullen Automotive Slashes Burn Rate And Powers Ahead With EV Sales Surge - What's Going On?
Mullen Automotive Slashes Burn Rate And Powers Ahead With EV Sales Surge - What's Going On?
Dec 18, 2024
Mullen Automotive, Inc. ( MULN ) shares are trading higher after the company announced a commercial vehicle sales update. Since September 30, Mullen said it has sold 100 Class 1 and Class 3 electric cargo vans and trucks, generating $5.5 million in total sales. This marks a significant milestone in the company's growing momentum in the commercial EV sector. The...
Weight loss drugs could help end obesity - but risks remain, WHO says
Weight loss drugs could help end obesity - but risks remain, WHO says
Dec 18, 2024
LONDON, Dec 18 (Reuters) - A new class of weight loss drugs developed by Novo Nordisk and Eli Lilly ( LLY ) opens the possibility of an end to the obesity pandemic alongside other interventions, the World Health Organization (WHO) said this week. But the global health agency said it has concerns that unless health systems prepare properly, the drugs...
Copyright 2023-2026 - www.financetom.com All Rights Reserved