1747 GMT - Stellantis shares take a hit from President Trump's tariff plan, closing at their lowest level since the auto giant was formed through the merger of Fiat Chrysler Automobiles and Peugeot maker PSA Group in January 2021. Milan-listed shares in the group behind the Jeep, Ram and Dodge brands close 4.2% lower at 10.91 euros, in a session that saw car stocks fall across the board. While the 25% blanket tariff the Trump administration plans to introduce next month on all vehicles and most components imported into the U.S. leaves few ways out, Stellantis appears more resilient than most, according to Bernstein. This is due to the high U.S. content in Stellantis's Mexico production, Bernstein analysts say in a research note. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
March 27, 2025 13:47 ET (17:47 GMT)
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