Stellantis is halting production at two assembly plants in Canada and Mexico due to President Trump's new 25% automotive tariffs, according to CNBC. The automaker will pause production for two weeks at its Windsor Assembly Plant in Canada and the entire month of April at its Toluca Assembly Plant in Mexico, starting Monday. The production halt will affect approximately 5,400 workers. North American chief Antonio Filosa informed employees that the plant downtime is due to the tariffs as the company assesses its options. Shares dropped on Thursday. For more coverage on tariffs and how they impact your portfolio, visit benzinga.com.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Stellantis is halting production of two assembly plants in Canada and Mexico due
00:07to President Trump's new 25% automotive tariffs, according to CNBC.
00:11The automaker will pause production for two weeks at its Windsor assembly plant in Canada
00:16and for the entire month of April at its Tolka assembly plant in Mexico starting Monday.
00:21The production will affect approximately 5,400 workers.
00:25North American Chief Antonio Filosa informed employees that the plant downtime is due to
00:30the tariffs as the company assesses its options.
00:32Shares dropped on Thursday.
00:34For more coverage on tariffs and how they impact your portfolio, visit Benzinga.com.