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Mercedes, Stellantis Scrap Guidance as Tariff Chaos Spreads
Mercedes-Benz vehicles for sale at a dealership in Tucson, Arizona.
Photographer: Eric Thayer/BloombergThis article is for subscribers only.
President Donald Trump’s tariffs prompted several of Europe’s largest automakers to withdraw financial guidance, underlining the extent of the chaos unleashed by his fast-changing trade tactics.
Jeep owner Stellantis NV and Germany’s Mercedes-Benz Group AG on Wednesday pulled their forecasts for this year citing the duties, which are upending supply chains and driving up car prices. Volkswagen AG left its outlook largely unchanged but warned it isn’t yet factoring in the impact of the levies.