Move would create yet another challenge for European carmakers already struggling with falling sales and profits
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German carmakers’ share prices have slumped amid fears Donald Trump will impose steep tariffs on the industry after winning the US presidency for the second time.
BMW shares fell by 7%, Mercedes-Benz by 6% and Volkswagen and Porsche by 5% as investors scrambled to adjust to Trump’s victory. The four firms were the biggest fallers on Germany’s DAX stock market index on Wednesday.
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Source link : https://www.theguardian.com/business/2024/nov/06/german-carmakers-shares-slump-fear-trump-tariffs
Author : Jasper Jolly
Publish date : 2024-11-06 13:28:36
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