Feb. 23, 2026 | Auto industry gets reprieve from new tariffs; AlixPartners' Dan Hearsch

President Donald Trump issues new 15 percent global tariff but exempts vehicles and auto parts. Stellantis prepares to report its first annual loss driven by €22 billion ($25.9 billon) in write-downs. Plus, AlixPartners’ Dan Hearsch explains why the auto industry ranks as the world’s most disrupted sector.