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Stock impact report

Stellantis chairman John Elkann addresses US tariffs and their impact on auto prices [USA TODAY]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: USA TODAY
Speaking to analysts on a conference call, Elkann underlined the message voiced by a trade body grouping Chrysler and Jeep maker Stellantis, GM and Ford. "(It) made a very clear statement about the dialogue ongoing with the Trump administration, and the importance of the competitiveness of the integrated North American automotive sector," he said. "But more importantly, the concern on the affordability of our products, our products made in America, and the implications on demand, on what will this uncertainty mean for demand in the United States of America," he added. Following the announcement on tariffs by U.S. President Donald Trump , Milan-listed shares in Stellanits hit their lowest point since the automaker was created in early 2021 through the merger of Fiat-Chrysler and Peugeot maker PSA. By 1530 GMT they were down 4.3%. Elkann was speaking during a conference call for Exor EXOR.AS, the investment group of Italy's Agnelli family of which he is a member and where he Show less Read more
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