CEO Carlos Tavares, the company aggressively sought savings. In North America, layoffs and buyouts have been relentless in recent years.

Shares of Ford Motor Co., General Motors Co., and Stellantis NV climbed in after-hours trading on Tuesday following remarks from President Donald Trump, who reiterated his plan to make interest payments on car loans tax deductible — but only for American-made vehicles.

His administration has acknowledged that exceptions undercut the power of tariffs, but it seems hard for the president to resist making deals.

White House Press Secretary Karoline Leavitt announced that President Trump has granted a one-month exemption on new tariffs for GM, Ford, and Stellantis.

Stellantis is thanking the Trump administration for giving it a one-month exemption from tariffs on Canada and Mexico, saying it aims to build more cars in the U.S.

Shares of General Motors, Ford, and Stellantis climbed on Wednesday after a report suggested that the Trump admin may delay auto tariffs.

The Big Three automakers Ford (F), General Motors (GM) and Chrysler-owner Stellantis (STLA) face a huge reduction in profits from a prolonged tariff war, according to analysts at Bernstein, adding to growing fears that an escalating trade war between the U.S. and its nearest neighbours could effectively wipe out profits for the auto industry.

The country’s largest automakers want to get into banking, hoping for a receptive audience from Trump-appointed officials determined to ease regulations.

A possible 25 percent levy on goods from Canada and Mexico is likely to raise the prices consumers pay for new cars and trucks, and disrupt complex supply chains.

The figure released by Stellantis puts it well behind its Detroit Three rivals and compares with $10,208 at Ford Motor Co. and $14,500 at General Motors, according to previous Free Press reporting.

If left in place, such high import duties would make Detroit's North American-centric business structurally unprofitable, warns Barclays investment bank.