From Yahoo Finance: 2025-04-03 12:14:00

Automaker Stellantis halts production in Canada and Mexico after Trump’s 25% tariff announcement, resulting in 900 U.S. layoffs. Production pause at Windsor plant in Canada for two weeks starting April 7, at Toluca plant in Mexico for April. Layoffs at Michigan and Indiana plants. Further action to be monitored.

North American COO Filosa assures adaptability to Trump policy changes. Stellantis engaging with stakeholders amidst market uncertainty. Trump’s 25% auto import tariffs aim to boost domestic manufacturing but may strain automakers. Stellantis faces challenges with CEO resignation due to sales struggle. North American ops hit by competition and market shifts.

Stellantis implements leadership changes to revive sales, with new heads for North America and Europe. Plans to reopen Illinois plant and produce Dodge Durango in Detroit in January to address UAW issues. Company remains focused on adapting to market dynamics and policy changes.



Read more at Yahoo Finance: Stellantis temporarily halting production at 2 plants in Canada, Mexico