The Peugeot vehicle assembly line at the Stellantis NV auto plant in Sochaux, France. Photo: Nathan Laine/Bloomberg
Carmaker Stellantis hopes to counteract some of the expected €1.5bn cost of tariffs this year by boosting North American profitability with new model launches like the discontinued Jeep Cherokee, the firm’s new CEO said.
The world’s fourth-largest carmaker, created from the merger of Fiat Chrysler and PSA Peugeot, is in talks with US officials on how to mitigate the impact of tariffs, in particular on cars produced in neighbouring Canada and Mexico.
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