Stellantis sees greater tariff impact
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Automakers might increase prices moving forward, according to a report from the intelligence firm AlixPartners.
There is a growing level of economic uncertainty surrounding the North American Auto Industry, especially the Big Three.
The Trump administration’s tariffs are hitting companies that do business in the United States. But prices haven’t reflected them yet in many cases.
General Motors told investors on Tuesday that it took a $1.1 billion hit from tariffs last quarter. Stellantis, which makes Chrysler, Dodge and Jeep vehicles, told investors on Monday that it felt
General Motors said it expects the tariff impact to worsen in the third quarter, with a $4 to $5 billion hit to its bottom line.
Stellantis says its sales in the quarter ended 30 June were hit by lower shipments in North America caused by the impact of import tariffs imposed by the US. Consolidated shipments for the three months ending June 30, 2025 were an estimated 1.4 million ...