Auto manufacturer Stellantis has temporarily laid off around 900 American workers and close to 4,500 Canadian employees in an effort to work around President Donald Trump's 25% automotive tariffs.
The maker of Ram trucks and Jeeps has also halted production at plants in Mexico and Canada, according to reports.
Stellantis NV, the company that manufactures Ram trucks and Jeeps, is reportedly temporarily laying off 900 workers at five US facilities and pausing production in Canada and Mexico.
Stellantis plants that make Jeep, Chrysler and Dodge vehicles will see production paused. U.S. workers whose plants support them will be affected.
A Stellantis spokesperson told the publication that the layoffs would impact workers at five Midwest plants, specifically the stamping plants in Sterling Heights and Warren, Michigan, as well as three plants in Kokomo, Indiana, that make transmissions and metal castings.
A recent report from a notable investment bank says newly imposed 25% tariffs on imported vehicles and components could
The maker of Ram trucks and Jeeps announced Thursday that it will temporarily lay off 900 workers at five U.S. facilities. The decision by Stellantis comes after President Donald Trump's tariffs were announced this week.
Following the announcement on tariffs by President Trump, Milan-listed shares in Stellanits hit their lowest point since early 2021.