(ANSA) – ROME, APR 15 – Rigid rules on carmaking and the Green transition are threatening US and European carmaking, Stellantis President John Elkann told the AGM in Amsterdam Tuesday while stressing that the Italo-Franco-American carmaker had been “encouraged” by US President Donald Trump’s Monday night statement that he was considering pausing his 25% tariffs on auto parts and vehicles.
“With the current path of painful tariffs and overly rigid regulations, the American and European automotive industry is at risk”, Elkann said, opening the shareholders’ meeting.
“It would be a tragedy, because the automotive industry is a source of jobs, innovation and strong communities.
“But it is not too late if the United States and Europe take the urgent actions needed to promote an orderly transition.
“We are encouraged by what President Trump indicated yesterday on tariffs for the automotive industry” (ANSA).
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“With the current path of painful tariffs and overly rigid regulations, the American and European automotive industry is at risk”, Elkann said, opening the shareholders’ meeting.
“It would be a tragedy, because the automotive industry is a source of jobs, innovation and strong communities.
“But it is not too late if the United States and Europe take the urgent actions needed to promote an orderly transition.
“We are encouraged by what President Trump indicated yesterday on tariffs for the automotive industry” (ANSA).
Read article…
