A recent report from a notable investment bank says newly imposed 25% tariffs on imported vehicles and components could decimate the 2035 earnings of European automaker Stellantis by as much as 75%. The automaker currently relies heavily on North American factories outside the US for that respective market, which contributes to a massive portion of its annual sales.
The impact of the Trump administration’s newly imposed 25% tariffs continues to echo throughout the global automotive industry. We are just starting to get a taste of their potential impact on many foreign OEMs, even those who assemble vehicles sold in the US in North America.
Starting April 3rd, 2025, the Trump administration plans to impose 25% tariffs on all cars and light trucks assembled outside the US and on all foreign auto parts. Still, the US government is extending the exemption to parts from Canada and Mexico under the USMCA free trade agreement until May 3rd.
Thus, many foreign automakers, like Stellantis, are staring down the barrel of a devastating earnings year, even though many of its vehicles sold in the US aren’t even built in Europe but in Canada and Mexico. A new report states that Stellantis’ 2025 earnings could stumble as far down as 75%, potentially putting the European auto conglomerate into a dire financial situation if nothing changes.
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Jeep Wagoneer S (Source: Stellantis)
Stellantis’ 2025 earnings face huge hurdle from US tariffs
As Automotive News Europe shared, the report from investment bank Jeffries outlined a trying earnings year for Stellantis. The bank pointed out that Stellantis’ US sales rely heavily on vehicles assembled at facilities in Canada and Mexico, in addition to approximately 58,000 additional vehicles imported from Europe in 2024. This includes marques like Maserati, Alfa Romeo, and Jeep.
Based on Stellantis’ 2024 financial and vehicle sales results, Jeffries stated that the incoming tariffs would have cost the company $7.1 billion in earnings and estimates its earnings before interest and taxes (EBIT) will be $9.3 billion.
Stellantis was already on shaky ground before the threat of tariff imports as the automaker’s 2024 EBIT tumbled by 64% after a September profit warning that led to the resignation of outspoken and many times dubious CEO Carlos Tavares. Company chairman John Elkann has taken over in the interim while Stellantis looks to announce Tavares’ successor in the first half of this year.
A significant threat to earnings will undoubtedly play a role in whom Stellantis selects to take the helm and navigate a global vehicle market that is becoming more cut-throat and competitive (with a dash of nationalism) every day, stoked by Trump and his Harem Guard Elon Musk.
Aside from manufacturing footprints in Europe, Mexico, and Canada, Stellantis operates facilities on US soil, contributing to roughly 61% of its branded vehicles sold there. However, Jeffries pointed out that those sites are significantly underutilized (52%) due to declining sales rates among US consumers.
Stellantis could pivot production from Mexico and Canada to the US if necessary and utilize a current build capacity of 1.3 million vehicles to avoid tariffs. Still, a transition of that scale is more easily said than done. During a recent call with analysts, Elkann spoke about looming tariffs and their effect on earnings, as well as the entire American Automotive Policy Council, of which Stellantis is a member. He reiterated the message delivered by the council:
(It) made a very clear statement about the dialogue ongoing with the Trump administration, and the importance of the competitiveness of the integrated North American automotive sector. But more importantly, the concern on the affordability of our products, our products made in America, and the implications on demand, on what will this uncertainty mean for demand in the United States of America.
Elkann relayed a commitment to the US administration’s vision to bring more work to the US but wants to ensure those measures don’t necessitate automakers raising MSRPs to remain competitive (and not go bankrupt in the process).
Stellantis’ stock is its lowest in years following the tariff announcement, so whoever takes over as CEO will have their work cut out for them in 2025 and beyond.
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The floodgates are open following a landmark $243 million ruling against Tesla in a wrongful death suit in Florida, and now that same lawyer is thirsty for more. He’s not alone, either, and America’s leading EV brand seems to be dodging court issues in California and even from its own shareholders! We’ve got all this and more on today’s ruinous episode of Quick Charge!
We’ve also got some killer deals on J.D Power award-winning 2026 BMW electric and plug-in hybrid models and a massive, 82 MW community solar project happening right here in Chicago.
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Save an exclusive $1,700 on Anker’s SOLIX F2600 power station with an expansion battery at a new $1,799 low
We’ve secured an exclusive deal from Wellbots on the Anker SOLIX F2600 Portable Power Station with a BP2600 expansion battery for $1,798.56 shipped, after using the exclusive code 9TO5F2600 at checkout. You’d normally have to shell out $3,499 for this bundle at full price, which we’ve seen go as low as $2,399 in the past. You’re looking at a combined 49% markdown that cuts $1,700 off the tag in all, giving you the best price we have tracked on this expanded backup power solution.
A successor to the F2000 model, Anker’s SOLIX F2600 power station starts at an increased 2,560Wh LiFePO4 capacity that is then doubled thanks to the expansion battery inclusion to 5,120Wh. There are twelve output ports (including a TT-30 port for RV support) to connect devices and appliances, with the unit delivering up to 2,400W of continuous power that can surge as high as 2,800W – all within a convenient suitcase-like design complete with wheels for easier transport.
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The two main ways to recharge Anker’s SOLIX F2600 power station are either by utilizing its max 1,000W solar input that can have it back to 80% in around two hours, or you can activate its HyperFlash mode to charge to 80% via an AC outlet in one hour and 40 minutes. It comes rated for a 10-year lifespan of continuous use, so using it less often just means extended support for your backup needs, and offers the full array of remote smart controls through its companion app that you would expect.
Segway’s ZT3 Pro e-scooter brings Apple Find My and proximity locking to all-terrain adventures for $900
Following right alongside a similar deal we saw on Segway’s new F3 Electric KickScooter that is still going strong through August 17, the brand is offering a promotional discount on its ZT3 Pro Electric Scooter at $899.99 shipped through August 31, after using the code ZT3AUG100OFF at checkout, beating out Amazon pricing by $100. This model carries a $1,300 MSRP directly from the brand, but keeps down at $1,000 normally over at Amazon. We saw it hit a new $850 low last month during Prime Day, with the deal here being the next-best rate that matches its preorder launch deal from September for the first time. You’ll be saving $100 off the going rate ($400 off the MSRP), landing it just $50 above the one-time low.
Tote Anker’s PowerCore Reserve 60,000mAh station through the rest of summer and beyond for $80
By way of its official Amazon storefront, Anker is offering its popular PowerCore Reserve 60,000mAh Power Bank Station at $79.99 shipped in both colorways, which comes in $1 under the brand’s direct website pricing. You’d normally have to spend $150 for this model at full price, though discounts have been regularly keeping the costs down between $110 and $90 on average, with some falls lower to $80, like today, and one previous drop to the $75 low during Prime Day. Aside from that one-time appearance, you’re otherwise looking at the best price we have tracked, which gives you $70 off the going rate and lands it $8 under our previous mention from three weeks ago.
Anker’s SOLIX C300 power stations are portable 90,000mAh backup companions that start from $150
By way of its official Amazon storefront, Anker is offering its SOLIX C300 DC Portable Power Station at $149.99 shipped, matching the brand’s direct website pricing. You’d have to pay $250 for this unit at full price regularly, though discounts in 2025 have seen it go as low as $150, which was last seen in July’s Prime Day Sale event, with things otherwise seen repeating to $170 since June. You’re looking at another shot at the second best price we have tracked, giving you $100 off the going rate that is only beaten by the $140 low we last saw during Black Friday and Christmas sales.
Score up to 61% total savings on EcoFlow 220W and 400W solar panels and bundles at lowest prices starting from $254
As part of its current Home Backup Sale running through August 17, EcoFlow is offering an additional 15% off promotion on 220W and 400W solar panels (plus dual panel bundles). Things start at their lowest with the NextGen 220W Bifacial Portable Solar Panel at $254.15 shipped, after using the code ASOLAR15OFF at checkout for the extra savings, beating out Amazon’s pricing by $75. It’s already down from its full $649 price tag thanks to the sale, with the price having stayed above $300 with discounts until today. Not only has the brand dropped the initial pricing from $329 to $299, but the extra savings make the deal all the sweeter, cutting a total $395 off the going rate for a new all-time low price, alongside the other lows we’re seeing on the 220W bundle and 400W offers.
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
It’s only a matter of time before the Genesis G70 sedan will no longer be offered. Genesis is reportedly planning to kill off its most affordable model as it shifts its focus to SUVs and electric vehicles.
The most affordable Genesis model is on the way out
Starting at $42,500, the G70 is the most affordable Genesis vehicle offered. But that might not be the case for long.
According to a new Automotive News report, the Genesis G70 sedan will be retired after the 2027 model year. Although it was the luxury brand’s third-best-selling vehicle last year, Genesis is moving away from sedans, with more buyers opting for SUVs and EVs.
The report said that industry analysts don’t believe the G70 is on track for a second generation. And that’s not just the US, Genesis expected to kill off its most affordable model globally.
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Genesis has yet to confirm the news, but a company spokesperson said, “We have no plans to discontinue the G70 at this time.”
The keyword is “at this time.” The G70 underwent a major refresh for the 2022MY. Much like its newest models, Genesis fine-tuned the exterior design and added more luxury to the interior, featuring a larger infotainment system and new features.
2025 Genesis G70 (Source: Genesis)
Genesis already dropped one model this year. Earlier this month, Genesis confirmed to Car and Driver that it will no longer sell the Electrified G80 in the US, its luxury electric sedan.
The electric G80 has already been pulled from its US website, leaving only the GV60 and Electrified GV70 as purely electric options.
Genesis Electrified G80 updated model (Source: Hyundai)
Genesis said that “the customer is at the core of every decision we make, and we remain flexible as we adapt to ever-changing consumer needs and market conditions.”
If Genesis kills off the G70 sedan, it will leave the GV70 SUV as its most affordable model, with starting prices from $47,985.
Genesis Neolun ultra-luxury electric SUV concept (Source: Genesis)
While Genesis is trimming sedans from its lineup, it’s planning to trade up for a new flagship electric SUV. The GV90 will be the production version of the Neolun concept (shown above) revealed last March.
Genesis is expected to introduce the GV90 next year as its new ultra-luxury SUV to rival the Mercedes-Benz G-Class. Last month, we caught a sneak peek of it for the first time with Rolls-Royce-like coach doors.
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