Stellantis idles plants in Mexico and Canada
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The Associated Press - Business News |
U.S. President Donald Trump announced 25% tariffs on auto imports last week, but since Mexico has a free trade agreement with the United States and Canada, it believes it can get almost all of its au...
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...
Reuters |
Australian Prime Minister Anthony Albanese said on Thursday the decision by U.S. President Donald Trump to impose a 10% tariff on its ally was "not the act of a friend," but ruled out reciprocal tari...
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Stellantis has faced a year of sales declines from too-high pricing and the incorrect mix of vehicles on the ground, deteriorating market share. With concerns that higher costs from tariffs could results in higher prices for consumers, the promotion could offer a needed boost to sales.
Incentive spending by automakers has remained fairly low since the post-COVID recovery, but we haven't seen employee pricing in years.
17hon MSN
Mexico is celebrating having dodged the latest round of tariffs from the White House taking aim at dozens of U.S. trading partners around the world.
Mexican bank Grupo Financiero Inbursa said it will sell a 49.9% stake in its automotive finance unit STM Financial to Fidis, a subsidiary of car manufacturer Stellantis. WHY IT'S IMPORTANT Inbursa, owned by Mexican tycoon Carlos Slim,
Stellantis N.V. faced a challenging 2024 with significant revenue and net income declines. Check out my recommendation for STLA stock.
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The automaker's Belvidere Assembly Plant is expected to be revived amid President Trump's tariffs and recent UAW pressure.