Stelantis president says that definitions and organizations are threats to the auto sector – companies
John Elcan, President of Stelinsis, said on Tuesday that tariffs and “very strict organization” of energy transmission are the main threats to the auto sector in Europe and the United States.
“With the current path of painful definitions and very strict regulation, the American and European auto industry is at risk,” said the heir of the AGNelli family and chairman of the General Assembly of the auto manufacturing company.
The businessman considered that this will be a “tragedy”, because the auto industry is “a source of jobs, innovation and strong societies.”
If ELKANN in the United States of America criticizes 25 % of the customs tariffs on vehicles and components -in addition to additional aluminum rates, steel and components -in Europe the goal was the rules of reducing carbon dioxide emissions.
Under the responsible person, Brussels imposed a “unrealistic path to electrification, not connected to the facts of the market,” as some countries regretted the withdrawal of purchase incentives.
However, it guarantees that “it was not too late for the United States and Europe to make the decisions necessary to enhance organized transmission.”
Likewise, he was enthusiastic about the possibility of announcing it on Monday night by US President Donald Trump, with a 25 % tariff on cars and car components.
At the opening, Elkann also said that “2024 was not a good year for Stelantis.”
Stelantis, which collects 14 brands in Europe and America, such as FIAT, Citroen, Peugeot, Opel, Chryler and Jeep, made profits of 5520 million euros in 2024, which are compared to 18,625 million euros in the previous year.
Despite the following expected results, 2024 accounts were approved by 99.8 % of the expressed votes, which also agreed to the distribution of profits.
