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Canada cuts tariff relief on some US cars due to Stellantis, GM ending some Canadian production
An official says the Canadian government is limiting how many vehicles Stellantis and GM can import tariff free after the automakers ended some production in Canada.
Carlos Tavares has been out as CEO of Stellantis for about a year, but that hasn't stopped him from commenting on the global conglomerate that he played a key role in creating. He has a new book out,
Canada will cut the number of vehicles Stellantis and General Motors can import tariff-free into the country in response to the automakers’ plans to reduce their manufacturing footprint.
General Motors and Stellantis will no longer be exempt from paying Canada's retaliatory tariffs on as many U.-assembled vehicles as before, CBC News reported on Thursday.
Automaker Stellantis has named Trevor Longley as the new president of its Canadian operations. Longley joins Stellantis after 10 years with Nissan Motor Corp., where he was most recently president of the Japanese automaker's Canadian operations.
Canada announced Thursday it will reduce the number of vehicles Stellantis and General Motors can import tariff-free.
General Motors Co. and Stellantis NV will be forced to pay tariffs on some US-made vehicles exported to Canada after the companies decided to move some production out of factories in Ontario.
Between competing interests and a possible Chinese takeover, Carlos Tavares isn't sure about Stellantis' future
Days after Stellantis and GM announced cuts in Brampton and Ingersoll, Canada is flexing its power to deny the companies counter-tariff exemptions.