Stellantis sees greater tariff impact
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This earnings season is revealing the real impact of President Trump’s steep tariffs on European automakers. CNBC’s Silvia Amaro takes a look under the hood.
Shares of French car maker Renault were plunging by the most since 2020 on Wednesday after it said profits and cash flow will be substantially lower than previously thought. But its automotive peers were relatively unaffected.
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Trading updates and corporate earnings from some of Europe’s auto giants show the extent to which Trump’s tariffs have started to take their toll.
PARIS/MILAN (Reuters) -Shares in Stellantis shot to record peaks and Renault hit seven-month highs on Thursday after the rival automakers pledged to reward investors with a big jump in annual ...
Carmaker Stellantis plans to more than double production capacity at its plant in Kenitra, Morocco, in the coming months to 535,000 vehicles annually, its chief operating officer for the Middle East and Africa said on Wednesday.
Stellantis is gearing up to enhance its presence in South Africa's compact SUV market with the upcoming launches of the Opel Frontera and Citroen Basalt in early 2026, as part of a strategic vision to capture the growing demand for affordable vehicles.