Source: Reuters
“Stellantis NV (STLAM.MI), opens new tab said on Thursday it was temporarily laying off 900 workers at five U.S. facilities after President Donald Trump’s tariffs were announced, and temporarily pausing production at an assembly plant in Mexico and one in Canada. The maker of Ram trucks and Jeeps said the U.S. plants affected are powertrain and stamping facilities that provide parts for the two factories in Mexico and Canada that are being idled. Stellantis shares were down 7.7% at $10.40 in New York trading at midday on Thursday, in line with a broad decline in U.S. stocks on fears of an all-out trade war.” (04/03/25)