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"
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