Stellantis and Mercedes-Benz have withdrawn their profit guidance as the uncertainty surrounding President Trump's trade war affects the automotive market. Analysts highlight that Volkswagen's recent guidance wasn't reflective of potential tariff impacts, suggesting a trend of caution among major automakers. Executives from Stellantis noted the lack of visibility in future operations, contributing to their decision to pull guidance amidst rising tariffs, which could significantly increase car prices and reduce demand. These developments indicate a broader uncertainty affecting many companies as they navigate a turbulent economic landscape.
Stellantis and Mercedes-Benz scrapped their profit guidance due to market uncertainty from President Trump's trade war, reflecting widespread instability in the auto industry.
Executives, including Stellantis CFO Doug Ostermann, expressed a desire for clearer conditions, saying, 'Most of us are in a period of waiting for a bit more clarity.'
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