STLA - What's Happening With Chrysler-Parent Stellantis Stock On Friday? | Benzinga
Stellantis NV (NYSE:STLA) shares are trading lower premarket on Friday.
Stellantis, in response to new tariffs on electric vehicles (EVs) by the European Union, is considering relocating the production of some Leapmotor models from China to Europe, aimed at mitigating the potential financial impact of increased import costs.
Carlos Tavares, CEO of Stellantis, highlighted that the company might expedite the assembly transfer of certain Leapmotor vehicles to their European factories, a move discussed as early as last month due to growing global trade tensions, reported Bloomberg.
The European Union has recently informed automakers, including BYD Company (OTC:BYDDY), Geely Automobile Holding (OTC:GELYY), and SAIC Motor ...