Pen Mutual Asset Management CIO Mark Heppanstall weighs the latest step of President Donald Trump, which implements 25% tariff on car imports in the US
Stellentis is stopping some production in Mexico and Canada and temporarily shutting up hundreds of workers in the US as the Automker tries to navigate the President Donald Trump’s The latest round of auto tariffs.
Chief Operating Officer Antonio Philasa told employees in an email on Thursday, “We are continue to assess the medium and long -term effects of these tariffs on our operations, but have decided to take some immediate action, including some of our Canadians and Mexican assembly plants to prevent temporary production,” Chief Operating Officer Antonio Philosa told the staff in an email, when on Thursday, 25% of the torrent of the tariff. Imported.
The company will temporarily stop production at the Toluka assembly plant in Mexico on 7 April. It will stop production at its Windsor Assembly plant in Canada for two weeks simultaneously. Those operations are expected to resume the week of 21 April.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| STLA | Acting NV | 10.40 | -0.86 |
-7.68% |
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Stelantis said Plants break in production “will affect some employees in many of our American Povertrains and facilities supporting those tasks.”
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In Michigan, its Warren Stamping and Sterling Stamping Plants, along with its Indiana Transmission Plant and Cocomo Transmission and Cocomo casting plants, will have about 900 temporary trimmed, which is also located in Indiana.
