06:48 AM EDT, 04/04/2025 (MT Newswires) -- (Updates to include a statement from the company in the third and fourth paragraphs.)
Stellantis ( STLA ) said Thursday it will temporarily lay off 900 workers at five US facilities following President Trump's announcement of widespread tariffs late Wednesday, according to media reports.
The automaker is also temporarily pausing production at assembly plants in Mexico and Canada, the reports said.
A Stellantis ( STLA ) spokesperson told MT Newswires that the company continues to assess the US tariffs on imported vehicles and will continue to engage with the US government on these policies.
The spokesperson did not confirm the layoffs but said Stellantis' ( STLA ) immediate actions in response to the tariffs include temporarily pausing production at some Canadian and Mexican assembly plants, which will also impact the company's US powertrain and stamping facilities.
Shares of Stellantis ( STLA ) were down over 7% in recent premarket activity Friday