Canada, Mexico and Stellantis
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Stellantis is halting vehicle production at two assembly plants in direct response to President Trump’s newly enacted 25% auto tariffs.
Bloomberg L.P. |
The promotional discounts, which start Friday and run through June 2, offer customers the same pricing normally reserved for employees, according to two people familiar with the marketing plan.
U.S. News & World Report |
Auto workers voiced uncertainty and hope outside a Stellantis assembly plant in central Mexico that was scheduled to begin a month-long pause in production Friday as the maker of brands including Jeep...
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Stellantis NV said on Thursday it was temporarily laying off 900 workers at five U.S. facilities and pausing production at one assembly plant each in Mexico and Canada, after U.S. President Donald Trump's tariffs were announced.
Stellantis temporarily lays off 900 workers due to President Trump's new auto tariffs. Production halted at Canadian and Mexican plants.
President Donald Trump’s tariff announcement earlier this week quickly led to layoffs and production pauses at one of the nation’s Big Three automakers. Stellantis is temporarily stopping production at two plants in Mexico and Canada,
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Asianet Newsable on MSNStellantis Blames Trump’s Tariffs For Temporary US Layoffs, Canada Plant Pauses — Union Says President Will Learn The ‘Hard Way’Automaker Stellantis NV (STLA) announced plans to lay off 900 workers across five of its facilities in the U.S. and temporarily suspend operations at assembly plants in Mexico and Canada due to uncertainty about the Trump administration’s sweeping reciprocal tariffs on Thursday.
Mark Carney, a former central banker, also called on ‘like minded nations’ to form a new trading order without the United States.
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A long-awaited tariff announcement from U.S. President Donald Trump on Wednesday spurred confusion and concern in Canada’s automotive capital.
Stellantis N.V. faced a challenging 2024 with significant revenue and net income declines. Check out my recommendation for STLA stock.