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News in English (USA) / 01.05.2025 / 08:00

Automakers Face Turmoil Amid Tariff Uncertainty

In a turbulent environment influenced by Trump’s tariffs, major automakers are grappling with uncertainty, leading to the suspension of financial guidance across the industry. Companies such as Stellantis, Mercedes-Benz, and Volkswagen have reported significant drops in revenues and shipments in the first quarter, with Stellantis experiencing a 14% revenue decline. The chaos resulting from tariff changes has forced many manufacturers to scrap their forecasts, leaving them uncertain about the future. Stellantis, the owner of Jeep and Dodge, has suspended its full-year outlook and is reassessing its capital expenditures in light of these tariff-related challenges. As more automakers join the ranks of those withdrawing guidance, market analysts express growing concern over the lack of clarity regarding potential impacts on their operations.
Stellantis.com, CNBC, The New York Times, Detroit Free Press, WSJ, Automotive News, Reuters, Financial Times, Bloomberg.com, The Globe and Mail