Merc, Stellantis scrap forecasts over levy tactics

President Donald Trump's tariffs prompted several of Europe's largest automakers to withdraw financial guidance, underlining the extent of the chaos unleashed by his fast-changing trade tactics.

Jeep owner Stellantis NV and Germany's Mercedes-Benz Group AG on Wednesday pulled their forecasts for this year citing the duties, which are upending supply chains and driving up car prices. Volkswagen AG left its outlook largely unchanged but warned it isn't yet factoring in the impact of the levies.

The volatility sparked by the duties "is too high to reliably assess" how business will develop this year, Mercedes said. The luxury-car maker warned that operating earnings, cash flow and margins would be hit if the current trade hurdles persist.


The President signed directives on Tuesday to lift some duties on foreign parts and prevent multiple levies from stacking on top of each other.