Written by Cláudio Afonso | LinkedIn | X
Stellantis NV said Thursday it will temporarily lay off 900 workers across five US facilities and pause production at two North American assembly plants as the US 25% tariffs on imported vehicles and auto parts become effective.
“We are continuing to assess the medium- and long-term effects of these tariffs on our operations, but also have decided to take some immediate actions,” Chief Operating Officer Antonio Filosa wrote in an email to employees. “This includes temporarily pausing production at some of our Canadian and Mexican assembly plants.”
The company did not specify when the US layoffs will begin or how long they will last.
Production at the Toluca Assembly Plant in Mexico will be halted on April 7, while operations at the Windsor Assembly Plant in Canada will be suspended for two weeks beginning the same day. Both facilities are expected to resume operations the week of April 21.
Shares of the automaker fell as much as 8% to $10.37 in New York, approaching a five-year low. The stock has slumped 61% over the past 12 months.
The automaker’s RAM brand, which in late 2024 postponed the launch of its first fully electric pickup to 2026, opting instead to prioritize the extended-range Ramcharger. Both models will be primarily produced at Stellantis’ Sterling Heights Assembly Plant in Michigan.
