American carmakers such as GM, Ford, and Stellantis have shown support for President Trump’s tariffs on auto imports, believing it will level the playing field. Despite this, some companies estimate significant financial losses due to tariffs, with Ford expecting a $1.5 billion hit to EBITDA this year.

Stellantis, which includes Dodge, Jeep, Ram, and Chrysler, has praised the tariffs but also anticipates challenges. The company imported 564,000 vehicles last year, facing a net loss of 2.3 billion euros in the first half of the year due to pre-tax net charges and the early effects of U.S. tariffs.

While Stellantis faces a $2.7 billion loss, including $350 million related to tariffs in the first half of the year, the company also reported a 6% decline in second-quarter shipments globally. North American shipments are expected to decline by 109,000 units, a 25% annual drop.

Former CEO Carlos Tavares left Stellantis in 2024, with new CEO Antonio Filosa taking over in June. Under Filosa’s leadership, Stellantis has made the U.S. market a priority, as shown by plans for a $388 million “megahub” in Van Buren Township, Michigan, set to be completed in 2027.

Read more at Yahoo Finance: American carmaker puts shocking price tag on US tariffs