1037 GMT - Stellantis could experience a hit on earnings after U.S. President Trump imposed tariffs on Canada and Mexico, RBC Capital Markets analyst Tom Narayan says in a note. Roughly 5.3 million cars are currently made in Canada and Mexico. The Chrysler parent makes around 580,000 vehicles in these two countries, which represent 11% of total earnings before interest and taxes generating volume. Assuming 70% of this production goes to U.S. customers, where 50% is locally value-added, this could imply a permanent 25% tariff would be a 12% cut to earnings without production shifting, the analyst says. Shares are down 7.6% at 11.98 euros. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
February 03, 2025 05:37 ET (10:37 GMT)
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