Stellantis sees greater tariff impact
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Stellantis NV’s new Chief Executive Officer Antonio Filosa offered investors a first glimpse of his plan to overhaul the struggling automaker for a global car market that’s being reshaped by President Donald Trump.
The car company behind the brands Vauxhall, Jeep and Fiat says US President Donald Trump's tariffs have already cost it €300m (£259.6m, $349.2m). Stellantis said the financial hit was a result of tariffs impacting trade and the company's loss of planned production in its response to the them.
We recently published These 10 Stocks Fell Hard. Are You Holding Any? Stellantis N.V. (NYSE:STLA) is one of this week’s top performers. Stellantis saw its shares lose 8.6 percent of their value week-on-week as investors unloaded positions ahead of its earnings release and announcements that it was terminating its hydrogen fuel cell technology development plans.
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