logo
#

Latest news with #CraigTrudell

Mercedes, Stellantis Scrap Guidance Amid Tariff Chaos
Mercedes, Stellantis Scrap Guidance Amid Tariff Chaos

Bloomberg

time30-04-2025

  • Automotive
  • Bloomberg

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Several European automakers, including Stellantis and Mercedes-Benz, have withdrawn their financial guidance for this year due to the uncertainty caused by President Trump's tariffs.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)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store