Stellantis sees greater tariff impact
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You might have noticed that in recent times, it seems that most of Stellantis's North American model lineups have been slimmed down to just a small handful of options–options that seem like they're either incredibly dated,
(Reuters) -Shares in major European carmakers rose on Wednesday, tracking a steep rally in some of their Asian rivals, after Tokyo struck a trade deal with the United States, fuelling optimism for a similar agreement with Europe.
Trading updates and corporate earnings from some of Europe’s auto giants show the extent to which Trump’s tariffs have started to take their toll.
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GlobalData on MSNStellantis discontinues hydrogen fuel cell vans in Europe
Plans for series production of hydrogen-powered Pro One vans in Hordain, France, and Gliwice, Poland, have been cancelled.
The company, which owns Jeep, Peugeot, Fiat and other brands, said it might soon have to begin raising prices.
While overall demand softened, Chinese automakers continued to gain ground, taking a record market share and squeezing several established European brands, the research data showed.
Stellantis NV's new Chief Executive Officer Antonio Filosa offered investors a first glimpse of his plan to overhaul the struggling automaker for a global car market that's being reshaped by U.S. President Donald Trump.