Stellantis reports that Trump tariffs led to a $350 million loss in the first half of 2025
Stellantis Faces Significant Financial Challenges Amid US Tariffs Stellantis, the maker of Jeep and Chrysler, announced on Monday that it incurred nearly $350 million in costs due to US tariffs, leading to production suspensions at its North American plants and reduced shipments of imported vehicles. The automaker, which also owns brands like Lamborghini, Fiat, and […]
Trump’s tariffs to cost US automakers $108B; Ford, GM, Stellantis hit hard
Research shows that Trump's strict tariffs on foreign automobile imports cost nearly $108 billion on a nearly $100 billion car manufacturer, with Detroit's Big Three being the hardest hit. The 25% tax on foreign automobile imports and parts, which came into effect on April 3, affects 17.7 million vehicles and addresses an estimated $107.7 billion […]
Can a new CEO save Stellantis from bankruptcy?
Stellantis is looking for a new CEO. I have previously spoken about the company's recent anguish. Stellantis reports that its net profit fell 70%, down from 18.6 billion euros ($19.5 billion) in 2023 to 5.5 billion euros ($5.77 billion) in 2024. Imagine a new Barracuda as a Challenger alternative, using the “CUDA name” for the […]
Stellantis aiming for more US manufacturing, thanks Trump for tariff exemption
President Donald Trump has granted a month's tariff exemption to US automakers complying with the US-Mexico-Canada agreement, the White House said Wednesday. Big Three automaker Stellarantis thanked the Trump administration for giving the Trump administration a month's exemption from the 25% tariffs that came into effect this week, saying “we share the president's purpose in […]
Stellantis, Ford, General Motors get 1-month Trump tariff exemption: White House
Sen. Markwayne Mullin of R-Okla responds to several Democrats who plan to boycott President Donald Trump's speech to Congress on the “final line.” The “Big 3” automaker has received a month's exemption from Trump administration's tariffs that came into effect Monday, White House spokesman Caroline Leavitt announced Wednesday. “We spoke to the Big Three automaker,” […]
Stellantis to Reopen Illinois Jeep Plant, Produce Dodge Durango in Detroit After Meeting with Trump
Automaker Stellantis plans to reopen its Belvidere, Illinois, assembly plant and expand production in Detroit, Michigan, rather than Canada, after its chairman met with President Donald Trump just before the inauguration on Monday. Manufacturer is produce The next-generation Dodge Durango SUV in Detroit and a “new mid-size pickup truck” from the Belvidere Jeep plant, which […]
Electric dreams become a nightmare for Stellantis dealers
Stellantis CEO Carlos Tavares' destructive tenure has come to an abrupt but welcome end. Tavares, who has led the automaker since its 2021 merger that brought together brands such as Fiat, Dodge, Jeep, Peugeot, Citroën and Alfa Romeo, is leaving a company facing tough challenges. Stellantis is facing weak sales, an inventory glut, massive layoffs, […]
Stellantis shares tumble after CEO Carlos Tavares’ abrupt resignation
Investors and bankers familiar with the matter said Monday that outgoing CEO Carlos Tavares will quickly turn around the struggling U.S. business by cutting costs rather than focusing on long-term strategy. The company revealed that it had clashed with Stellantis' board of directors over the plan. Shares in the makers of Jeep, Fiat and Peugeot […]
Stellantis CEO Carlos Tavares Abruptly Resigns
Carlos Tavares, CEO of leading multinational car manufacturer Stellantis, abruptly tendered his resignation on Sunday. The company immediately accepted Tavares' resignation and began the process of finding a new CEO. According to Go to press release. The company estimates the process will be completed by mid-2025 and announced it has authorized a “new interim executive […]
Stellantis chief executive Carlos Tavares resigns as carmaker struggles | Stellantis
Jeep, Fiat and Peugeot car maker Stellantis announced on Sunday that Carlos Tavares will step down as chief executive and aim to find a new leader in the first half of next year. Tavares, previously considered one of the auto industry's most respected executives, said earlier this year that Stellantis issued a profit warning for […]