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Stellantis, the parent company of brands like Vauxhall and Jeep, reported a €300m loss due to U.S. President Trump’s 25% car import tariffs, which have disrupted trade and led to a 10% decline in sales. The tariffs have prompted other manufacturers like Jaguar Land Rover to pause exports and adjust operations, as negotiations continue over tariff adjustments with several countries.
Explain It To Me Like I’m 5: Stellantis, the car company that makes brands like Vauxhall and Jeep, is losing a lot of money—about $349 million—because of extra taxes on cars that are sent to the United States.
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