Last week, it was announced that President Donald Trump's new 25% tariffs on Mexico and Canada would exempt vehicles that comply with the USMCA trade deal. German carmaking giant Volkswagen told CNBC that its operations meant it would be exempt from the levies.
CEO Carlos Tavares, the company aggressively sought savings. In North America, layoffs and buyouts have been relentless in recent years.
In a filed patent, Stellantis outlines an EV transmission that would employ magnetic viscous fluid, allowing it to shift more efficiently than hydraulic automatics.
MILAN (Reuters) -Automaker Stellantis said on Thursday it shared U.S. President Donald Trump's goal of building more cars in the United States, as it thanked him for granting a one-month exemption from tariffs on Canada and Mexico.
Shares of Stellantis (NYSE:STLA – Get Free Report) have been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating,
S&P, Stellantis
· 3d
Stellantis (STLA) Gets a Credit Downgrade from S&P Global
· 4d · on MSN
S&P downgrades Stellantis rating, expects tariff headwinds
S&P Downgrades Stellantis Over Margin Concerns
S&P Global Ratings lowered its credit rating on Stellantis after the Jeep and Chrysler maker's margins last year were dented by a pullback in shipments. The ratings firm said Thursday that Stellantis's 2024 margins came in below prior expectations after the company took actions to reduce North American dealer inventory ahead of schedule.
Stellantis 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.
European automakers' shares jumped on Thursday after U.S. President Donald Trump gave carmakers a one-month reprieve from his punishing 25% tariffs on Canada and Mexico, with Chrysler-to-Fiat maker Stellantis pledging more American-made cars.
Stellantis’ (NYSE:STLA) efforts to trim inventory by reducing shipments and increasing incentive pricing on its key models came at the expense of EBITDA margins and, with the lagged effects of price reductions in North America,
4don MSN
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.
Stellantis' balance sheet flexibility is supportive, and launch schedules for new models in 2025 will likely drive a volume recovery. Learn why STLA stock is a Buy.
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.
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