Stellantis: Vauxhall owner warns of £1.3bn tariff hit after EU-US deal

City A.M.

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Stellantis will have to shoulder a €1.5bn (£1.3bn) hit from President Donald Trump’s swingeing tariffs on cars this year despite the trade deal struck between the European Union and United States earlier this week. The automaker, whose stable of marques includes Vauxhall and Fiat, confirmed in a half-year update that it had already incurred levies [...]

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