1257 GMT - Stellantis shares would likely trade below current levels in a scenario where tariffs are permanent, RBC Capital Markets analyst Tom Narayan writes. If Stellantis absorbs the entire U.S. tariffs, RBC sees severe cuts to company EBIT. "That said, yesterday's announcement from the administration does provide some offset to these tariffs on cars produced in the U.S. with foreign content." RBC says 60% of Stellantis cars sold in the U.S. are made in the U.S., and the new offset to the 25% tariff on foreign content should be a benefit. First-quarter sales came in line with expectations, but more importantly, the 2025 outlook was withdrawn owing to the U.S. tariffs. Shares rise 0.9%. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 08:57 ET (12:57 GMT)
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