Stellantis Chairman John Elkann Sounds Alarm on Auto Industry Risks

In a stark warning, Stellantis Chairman John Elkann highlighted the dangers posed by current US and European policies to the auto industry. Describing the situation as a looming tragedy, Elkann pointed to "painful tariffs and overly strict regulations" that threaten jobs, innovation, and communities across both continents.

Call for Urgent Action

During his address in Amsterdam, Elkann urged for immediate measures to ensure a smooth transition. "It is not too late if the US and Europe take the urgent actions necessary to promote an orderly transition," he stated, expressing optimism about potential institutional responses.

Criticism of Current Policies

Elkann criticized the 25% US tariff on vehicles and additional duties on steel, aluminum, and parts. In Europe, he argued that electrification targets are "disconnected from market reality," criticizing the withdrawal of government support and inadequate infrastructure development.

Leadership Changes Ahead

Adding to the company's challenges, Elkann announced plans to appoint a new CEO by mid-2025 to succeed Carlos Tavares, with key decisions already underway.