Stellantis, which suspended its financial guidance due to “tariff-related uncertainties,” saw first-quarter net revenue drop 14 per cent year-over year. (The Logic)

Talking point: The Chrysler parent company, which has several Canadian factories, isn’t the only one struggling. General Motors, Mercedes-Benz, Volvo and electric-vehicle maker Polestar also said this week they could not provide investors with annual financial forecasts. Stellantis chief financial officer Doug Ostermann said the company has “taken some production out at plants, particularly in Canada and Mexico,”and is reviewing supply chains to minimize non-USMCA-compliant parts from Canada. Volkswagen, which is building an electric-vehicle battery plant in Canada, did not mention the country in its earnings call. It did however, warn that EVs were putting pressure on its profit margins as after-tax earnings fell more than 40 per cent during the first quarter. Shares of both Stellantis and VW fell about three per cent on Wednesday.