Latest news with #Canada-produced
Yahoo
03-04-2025
- Automotive
- Yahoo
The Only Plant In The World Still Building Chryslers Is Going To Shut Down For A While
With new tariffs on Canadian-produced vehicles imported to the United States having gone into effect at 12:01 AM April 3, Stellantis has announced that it will be idling factories in Canada and Mexico for several weeks and laying off hundreds of American plant workers as well. This comes on the back of a dire first quarter for the automotive giant. It has been predicted for several weeks that the Trump administration's so-called reciprocal tariffs would be the end of some car models in the U.S. market. They may be dire for the Chrysler brand and its one remaining product, the Windsor, Canada-produced Pacifica van. "Immediate actions we must take include temporarily pausing production at some of our Canadian and Mexican assembly plants, which will have an impact to several of our U.S. powertrain and stamping facilities that support those operations," Stellantis Canada said in a statement to Automotive News Canada. "We will be temporarily pausing production at the Windsor Assembly Plant for two weeks (the weeks of April 7 and 14) with operations resuming the week of April 21." Chrysler has been on the ropes for the last couple of years, with dwindling product lines and corresponding decreased sales volume. As of right now the Chrysler brand produces and sells just the Pacifica, which is built across the Northern border and will be subject to the newly-introduced tariffs. Read more: These New Cars Just Aren't Worth The Money While the plant is currently scheduled for a short two-week shutdown, Stellantis has said that it will continue to evaluate tariffs and the market to determine a long-term plan of action. "Stellantis continues to assess the effects of the recently announced U.S. tariffs on imported vehicles and will continue to engage with the U.S. administration on these policy changes," the company said in a statement. Chrysler shifted over 100,000 Pacificas across 2024, but sales were down 11% over the previous year and continue to trend downward. The van has been sold relatively unchanged since it was introduced in 2017. The pricey van starts at $42,450 in a pre-tariff economy. If the 25% auto tariffs push the Pacifica to an uncompetitive price, or Chrysler can't turn enough profit as a result, it seems entirely possible that Stellantis would cancel the program a few years ahead of schedule. Without the Pacifica on dealer showroom floors, and with no other product to take its place, it seems likely to me that Chrysler won't survive the next couple of fiscal years. Perhaps the company can quickly churn out a badge-engineered American-made model to keep it floating along. It's the uncertainty of these tariffs and how the market will respond that has everyone feeling uneasy, including Stellantis. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
Reuters
04-03-2025
- Business
- Reuters
Miner Teck plans to sell to Asia to avoid US tariffs
TORONTO, March 4 (Reuters) - Canadian miner Teck ( opens new tab has been developing plans to sell zinc to Asia instead of the U.S. to circumvent tariffs from President Donald Trump's administration on Canadian imports, CEO Jonathan Price on Tuesday. Teck, which sells most of its refined zinc to the U.S., has been working on a contingency plan for months, Price told the PDAC mining industry conference in Toronto. "We will find buyers and prices will adjust." The additional warehousing and port spaces would be in Canada, a company representative said. Trump's 25% tariffs on imports from Canada as well as Mexico took effect on Tuesday, launching new trade conflicts with the United States' three biggest trading partners. Economists expect U.S. companies to bear the cost of those tariffs. Teck produces about 260,000 metric tons of refined zinc annually. That equates to less than a third of total U.S. demand in 2024 when it stood at 848,000 metric tons, or 6% of the world's total, according to the International Lead and Zinc Study Group (ILZSG). BNP Paribas estimates that the United States imports 62% of its zinc needs, opens new tab, mainly from Canada and Mexico. Price said he expects the tariffs to raise the cost of commodities and drive inflation, and that "there is little upside". Vale Base Metals, the base metals spinoff of iron ore giant Vale that sells Canada-produced nickel to the U.S., is also looking to adapt to the tariffs, Vale Base Metals Chair Mark Cutifani said. "We are talking to everyone on this to see how this can be resolved," he told reporters. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.
