From Yahoo Finance: 2025-04-15 08:22:00

Stellantis Chairman John Elkann warns U.S. tariffs and EU emissions rules threaten auto industry, amid CEO search. Elkann urges U.S. and EU to act for an “orderly transition” as China gains market share. Stellantis has narrowed CEO candidates to five, with decision expected in first half of the year.

Elkann criticizes EU for unrealistic CO2 regulations hindering electric vehicle transition. He notes inadequate charging infrastructure and withdrawal of purchase incentives. In the U.S., automakers face multiple tariffs on imports, including aluminum, steel, and parts. Elkann welcomes potential tariff reprieve for auto imports from Mexico, Canada, and others.

Shareholders approve final 35 million euro compensation for former CEO Carlos Tavares, who left after sales and profit decline. Stellantis, formed through Fiat Chrysler and Peugeot merger, includes brands like Jeep, Ram, Alfa Romeo, and Citroen. Elkann warns of industry risks and calls for urgent action for stability and growth amidst fierce competition.

Read more: Stellantis chair says US tariffs, EU rules put auto industry at risk