💨 Abstract

Automakers Stellantis, Mercedes-Benz, and Volkswagen have withdrawn their profit guidance due to the unpredictable impact of U.S. President Trump's trade war tariffs. The uncertainty has stifled investments, reduced demand, and increased car prices. Mercedes warned of reduced profit margins if tariffs persist, while Stellantis and Aston Martin have limited exports to the U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖