U.S. and Europe putting auto industry at risk, Stellantis' Elkann says
ReutersApr 15, 2025 12:18 PM
MILAN, April 15 (Reuters) - Policy and regulatory choices in the United States and Europe, including tariffs and emission regulations, have placed the automotive industry under "extreme pressure", Stellantis STLAM.MI chairman said on Tuesday.
"With the current path of painful tariffs and overly rigid regulations, the American and European car industries are being put at risk," John Elkann said during the automakers' shareholders' meeting.
"That would be a tragedy as car manufacturing is a source of jobs, innovation and strong communities," he added.
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