European automakers spent $6 billion on tariffs last year
The ongoing US-Israeli war with Iran is affecting automakers worldwide, with potential disruptions to shipments, rising oil prices, and threats to vehicle sales. European automakers, particularly Stellantis, are expected to feel the impact due to the threat of rising gasoline prices and curtailed oil shipments.
The US-Israeli war with Iran is impacting automakers globally. Toyota, Hyundai, and Stellantis are among the companies affected, with potential disruptions to sales and shipments in the Middle East. The war could also lead to rising oil prices, affecting automakers with internal combustion powertrains. Toyota will cut output by 40,000 vehicles due to possible logistic disruptions. The region accounted for 17% of Chinese passenger vehicle exports in 2025. The conflict is expected to continue, affecting the automotive industry in various ways.
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