Reported about 6 hours ago
Stellantis NV, the maker of Jeep, faces potential financial distress due to President Trump's recent tariffs on imports from Canada and Mexico. With shares plummeting, the company's leadership is seeking assistance amid growing concerns about profitability. Analysts believe these tariffs could force Stellantis to raise car prices, leading to further sales declines as the company strives to stabilize amidst demanding market conditions and increasing operational costs.
Source: YAHOO