Stellantis, the maker of Jeep and Ram vehicles, says its preliminary estimates show a 2.3-billion euro (nearly $3.7-billion Cdn) net loss in the first half of the year due to U.S. tariffs and some hefty charges.
The head of Canada’s Automotive Parts Manufacturers’ Association (APMA) says plants like those in Windsor and Brampton, both in Ontario, can’t survive that kind of storm.
The automaker anticipates an impact of about 300 million euros (about $480 million) for net tariffs incurred, and also expects planned production losses related to implementing its response plan.
I doubt that EV Battery plant will ever be finished.
