Stellantis N.V. is a multinational automotive manufacturer formed through the merger of Fiat Chrysler Automobiles and PSA Group
The company designs, engineers, manufactures, and sells a diverse portfolio of vehicles across multiple brands, including well-known names such as Jeep, Ram, Peugeot, Citroën, and Fiat. Stellantis aims to deliver innovative and sustainable mobility solutions while catering to a wide range of customer preferences and market segments worldwide, focusing on electric vehicles, advanced technologies, and connectivity in the automotive industry.
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White House press secretary Karoline Leavitt confirmed in a briefing that the administration would grant a one-month exemption on automakers operating under the U.S.-Mexico-Canada Agreement (USMCA).
Ford, GM and Stellantis could be hit hard by tariffs on Canada and Mexico. Tesla isn't immune from higher costs and could pay more for parts from Mexico.
His announcement comes amid industry backlash to a 25% import tariff on goods from Mexico and Canada, including automobiles and auto parts, which could disrupt the supply chains of major U.S. automakers.
Barclays has issued a warning that the tariffs recently imposed by U.S. President Donald Trump could potentially eliminate the profits of Detroit's "Big Three" automakers - General Motors (NYSEGM), Ford NYSE: FNYSEF)(NYSE: STLANYSESTLA.
The company reported a full-year 2024 net profit of €5.47 billion ($5.72 billion), down from €18.6 billion a year earlier, with EPS falling to €1.84 from €5.94.
