
Penn Mutual Asset Management Cio Mark Heppensall weighs President Donald Trump’s last move to implement a 25% rate for car imports in the United States
Stellalantis is stopping some production in Mexico and Canada and temporarily firing hundreds of workers in the United States, as the cars maker is trying to navigate the President Donald Trump’s Last round of automatic rates.
“We continue to evaluate the medium and long term effects of these rates on our operations, but we have also decided to take some immediate actions, including the temporary pause of production in some of our Canadian and Mexican assembly plants,” said the head of the operation, Antonio Filosa, told employees in an email Thursday, when 25% of Trump of imported parts and parts of the imported parts and parts of the parts imported and part of the parts.
The company will temporarily stop production at the Toluca assembly plant in Mexico on April 7. These operations are expected to resume the week of April 21.
Dial | Safety | Ultimate | Shift | Change % |
---|---|---|---|---|
Stress | Stellalantis nv | 10.40 | -0.86 |
-7.68% |
What to know about the “Liberation Day” rates of President Trump
Said stellalantis The pause in plant production will affect “some employees in several of our North -American Propulsion and Stamping facilities that support these operations”.
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There will be about 900 temporary layoffs in their Warren Stamping and Sterling Stamping plants in Michigan, as well as their Indiana transmission plant and the Kokomo transmission and Kokomo’s casting plants, also located in Indiana.