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Stellantis Executive Chairman Speaks Out Against Tariffs On Vehicles Made In Mexico, Canada: 'Real Opportunity Is... 4M Cars That Are Sold In America That Don't Have Any US Content'

Benzinga LogoBenzinga13h ago

Stellantis Executive Chairman Speaks Out Against Tariffs On Vehicles Made In Mexico, Canada: 'Real Opportunity Is... 4M Cars That Are Sold In America That Don't Have Any US Content' - Benzinga

Quick Summary:

But Elkann said on Wednesday that Stellantis believes its vehicles manufactured in Canada and Mexico must be “tariff-free” provided they have U.S.content.“We strongly believe that the real opportunity is really to try and close the loophole for 4 million cars that are sold in America that don’t have any US content,” Elkann, who leads the company in the absence of a CEO, said.

Stellantis NV (NASDAQ:STLA) executive chairman John Elkann on Wednesday called for no tariffs to be imposed on the company’s products made in Canada and Mexico.

What Happened: Trump previously announced 25% duties on Mexico and Canada imports which are scheduled to come into effect in March.

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Stellantis Executive Chairman Speaks Out Against Tariffs On Vehicles Made In Mexico, Canada: 'Real Opportunity Is... 4M Cars That Are Sold In America That Don't Have Any US Content' - Benzinga (Picture 1)

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 11:05:34 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 477 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26474193

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 23 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #53

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