MILAN – Policy and regulatory choices in the United States and Europe, including tariffs and emission regulations, have placed the automotive industry under “extreme pressure”, Stellantis chairman said on Tuesday.

“With the current path of painful tariffs and overly rigid regulations, the American and European car industries are being put at risk,” John Elkann said during the automakers’ shareholders’ meeting.

“That would be a tragedy as car manufacturing is a source of jobs, innovation and strong communities,” he added.

Please like, comment, and share this article if you found it helpful and
informative.

For more news check out Big Town Bulletin News

For more from Big Town Bulletin check out Big Town Bulletin