Stellantis Chairman John Elkann Issues Stark Warning

In a compelling address at the assembly in Amsterdam, Stellantis Chairman John Elkann highlighted the critical challenges facing the auto industry on both sides of the Atlantic. He described the current situation as a looming tragedy, pointing to painful tariffs and overly strict regulations that threaten jobs, innovation, and communities.

Call for Urgent Action

Elkann expressed hope that it's not too late for the US and Europe to take necessary actions to ensure an orderly transition. He criticized the 25% US duty on vehicles and additional levies on steel, aluminum, and parts, which he believes are exacerbating the industry's challenges.

Europe's Electrification Targets Under Fire

Turning his attention to Europe, Elkann argued that electrification targets are disconnected from market reality. He lamented the withdrawal of government support measures and the underdevelopment of infrastructure, which he sees as significant hurdles to achieving these goals.

Leadership Transition Announced

In a related development, Elkann announced that a new CEO will be appointed by mid-2025 to replace Carlos Tavares, with key decisions already in motion. This leadership change comes at a pivotal time for Stellantis as it navigates these industry-wide challenges.