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Jeep maker Stellantis warns of a shock $2.7 billion loss as tariffs bite

29d ago
Business
CNBC
Jeep maker Stellantis warns of a shock $2.7 billion loss as tariffs bite
Automaker Stellantis, the parent company of Jeep, has issued a warning of a potential $2.7 billion loss due to the impact of tariffs. This announcement followed the company's decision to withdraw its full-year financial guidance, citing the significant and unpredictable effects of the tariffs on its business. The preliminary estimates for the first six months of the year paint a concerning picture of the financial strain tariffs are placing on Stellantis, raising questions about potential price increases for consumers and adjustments to production strategies.
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