Jeep manufacturer Stellantis approached the incoming second Trump administration with a smile on its face and its arms and wallet wide open. The automaker, which also owns the Chrysler, Fiat, Opel, Ram Trucks, and Peugeot brands (among others) clearly wanted to get on Donald Trump‘s good side, donating a hefty $1 million to his inauguration fund.
If they thought they were buying some favors from the Trump administration, they’ve been very much short-changed. According to financials published this week, the company has so far paid out around $350 million for Trump’s tariffs. Said tariffs have also cratered sales, which have decreased by 25% this year as compared with last year. The reason? “Reduced manufacturing and shipments of imported vehicles, most impacted by tariffs.”
