Fiat and Vauxhall maker expects £2bn loss after US tariffs hit production

Shipments had dropped in recent months partly due to tariff-related pauses in production, the company said (Stellantis/ PA) -

Fiat and Vauxhall carmaker Stellantis is expecting losses to hit £2 billion for the first half of the year as Donald Trump’s tariffs squeezed US deliveries and the company grapples with heavy charges.

The Dutch business, which is one of the world’s biggest automakers, told investors that shipments dropped in recent months partly due to tariff-related pauses in production.