Stellantis Chairman John Elkann has expressed concerns about the impact of U.S. tariffs and strict European Union emissions standards on the automotive industry. Speaking at the company’s annual shareholders’ meeting, Elkann emphasized that these policies are putting American and European car manufacturers at risk, especially as competition from China intensifies.
Elkann described the current conditions as “extreme” and called for urgent action to ensure a smooth transition for the industry. He criticized the U.S. for imposing multiple layers of tariffs, including a 25% rate on automotive imports, and highlighted the challenges posed by the EU’s CO2 regulations, which he described as an “unrealistic path to electrification.” He also noted that the withdrawal of purchase incentives and inadequate charging infrastructure in Europe are slowing the adoption of electric vehicles.
Stellantis, the world’s fourth-largest automaker, is currently searching for a new CEO after Carlos Tavares stepped down late last year. Elkann confirmed that a new chief executive would be appointed in the first half of the year. The shortlist reportedly includes five candidates, with two internal and three external names under consideration.
Formed in 2021 through the merger of Fiat Chrysler and PSA, Stellantis owns brands such as Jeep, Ram, Alfa Romeo, and Citroën. Elkann emphasized the importance of car manufacturing as a source of jobs, innovation, and community strength, urging policymakers in the U.S. and Europe to address these challenges.