S&P downgrades Stellantis rating, expects tariff headwinds
S&P said it expects the price cuts implemented in North America and Europe late last year coupled with affordability concerns from buyers to limit the automaker's volume growth and margin expansion in those markets. U.S. President Donald Trump on Wednesday gave carmakers a one-month reprieve from his punishing 25% tariffs on Canada and Mexico. Stellantis thanked Trump for the tariff pause, and pledged to help the president's America First aim of building more cars in the United States.