The Biden Administration has announced stricter mileage rules to encourage the transition to electric vehicles. The new rules aim to reduce greenhouse gas emissions and combat climate change. This move is part of President Biden’s commitment to prioritize clean energy and sustainability.
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Stellantis warns of $1.7 billion earnings hit from tariffs
Stellantis announced that President Trump's tariffs will cost the automaker approximately €1.5 billion ($1.7 billion) in 2025, primarily affecting earnings in the second half of the year. While the company is engaging with policymakers regarding the tariffs, its operations in North America are particularly impacted, similar to other manufacturers like GM and Volkswagen, which are also facing significant tariff-related losses. Want More Context? 🔎
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