Stellantis says well positioned to adapt to Trump’s policy changes

MILAN (Reuters) – Stellantis (NYSE:) is well positioned to adapt to policy changes announced by Donald Trump, the automaker said on Tuesday after the new U.S. president threatened tariffs of 25% on imports from Mexico and Canada.

Chrysler and Jeep parent Stellantis, which manufactures some cars for the U.S. market in Mexican and Canadian plants, sees Trump’s focus on policies aiming to support U.S. manufacturing base as “hugely positive”, it said.

In his inauguration speech on Monday, Trump also took aim at electric vehicles, revoking a 2021 executive order signed by his predecessor Joe Biden that sought to ensure half of all new vehicles sold in the United States by 2030 were electric.