Stellantis (STLA) Chief Executive Antonio Filosa said Thursday the US tariff environment is "getting clearer" though not fully defined, and that the company is "ready to act."

Speaking in a fireside talk during the Kepler Cheuvreux Autumn Conference, Filosa said Stellantis is engaged in a "very productive exchange of ideas" with President Donald Trump's administration to "create the final scenario." He said the company's most urgent objective is to "turn the corner on cash generation" and grow the revenue line.

In 2024, over 40% of the 1.2 million cars Stellantis sold in the US were imports, mostly from Mexico and Canada, where Trump imposed 25% tariffs, Reuters reported Thursday.

Filosa also said the inventories are now at "very healthy" levels, with 2024 models cleared. In late July, Stellantis reported 1.2 million units of total inventories, including 298,000 units of company inventory as of June 30.

Filosa also said a new RAM truck for the North American market is expected in 2027.

Shares of the automaker were down 2.9% in recent premarket activity.