Mercedes, Stellantis Scrap Guidance Amid Tariff Chaos
Several European automakers, including Stellantis and Mercedes-Benz, have withdrawn their financial guidance for this year due to the uncertainty caused by President Trump's tariffs. The tariffs are disrupting supply chains, driving up car prices, and affecting operating earnings, cash flow, and margins, with companies struggling to assess the impact due to the changing trade tactics. Despite some relief from Trump's latest orders, major questions remain unanswered, and companies are calling for more clarity, with some considering changes to their production and investment plans in response to the tariffs. Bloomberg's Craig Trudell reports. (Source: Bloomberg)
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