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Stellantis warns of $2.7 billion loss for 1st half of 2025 due to tariffs and some big charges
Stellantis, the maker of Jeep and Ram vehicles, says its preliminary estimates show a $2.68 billion net loss in the first ...
President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
German auto companies embraced greater clarity but warned that even the lower rate of tariffs agreed between Brussels and ...
General Motors said tariffs slashed its second-quarter income by more than $1 billion, and other companies pointed to import ...
There is a growing level of economic uncertainty surrounding the North American Auto Industry, especially the Big Three.
Ford entered a $3 billion line of credit agreement on July 28 to strengthen its financials as economic uncertainty looms.
The largest U.S. automaker by sales said it expects the tariff impact to worsen in the third quarter after reporting a US$1.1 ...
In April 2025, the company said it had reduced vehicle imports in response to tariffs. Read more at straitstimes.com. Read ...
The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.
Although the deal is better than the 30 per cent rate threatened by Trump and will bring clarity for European makers of cars, planes and chemicals, the 15 per cent baseline tariff is well above ...
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