Stellantis Chairman John Elkann (pictured) on Tuesday warned that current US and European policies could "put the entire industry [on both sides of the Atlantic] at risk." He described the situation as a looming tragedy, citing "painful tariffs and overly strict regulations" that endanger jobs, innovation and communities.
Speaking at the assembly in Amsterdam, Elkann said "It is not too late if the US and Europe take the urgent actions necessary to promote an orderly transition," expressing hope that institutions will act.
He criticized the 25% US duty on vehicles and additional levies on steel, aluminum, and parts. In Europe, Elkann said electrification targets are "disconnected from market reality," while governments have pulled support measures and left infrastructure underdeveloped. He added a new CEO will be appointed by mid-2025 to replace Carlos Tavares, with key decisions already in motion.
