(New: US tariffs, final courses.)
Frankfurt (dpa-Afx broker)- The profitability and demand worries The investors did not tore off in the car industry on Wednesday. However, there was a bit of relief that evil surprises in the US incoming tariffs failed to fail on cars from the European Union. Some car values then turned into the plus after a weak start.
For the German car manufacturers Volkswagen (Volkswagen (VW) VZ), BMW, Mercedes-Benz (Mercedes-Benz Group (ex Daimler)) and Porsche AG (Porsche VZ), after initial losses, up to 2.2 percent was uphill. The official proclamation of the US inventory tumbles on cars from the EU improved the mood in the afternoon. As agreed with the US before, the tariffs were reduced to 15 percent in retrospect from August 1st. Before that, US President Donald Trump had threatened 25 percent additional taxes.
The Sector Index Stoxx Europe 600 Automobiles & Parts ultimately lost only 0.6 percent. Before that, he slipped more clearly towards his Monday depth, which had to do with winning warnings from the Volkswagen Group.
In contrast, Stellantis (Stellantis) dropped by 3.4 percent in Paris. The noticeable sales crisis across the sector forces the parent company of brands such as Peugeot, Fiat, Chrysler and Opel for temporary factories. This is intended to adapt production to the difficult market environment in Europe.
Under these circumstances, investors also avoided suppliers: there was approximately a discount of 0.4 percent with the Continental Group, which will be focused on mature in the future. The shares of its split Aumovio even lost 3.4 percent in value and continued to approach their low from the first day of trading last week.
The titles of Schaeffler, Norma Group (Norma Group SE) and Stabilus (Stabilus SE) lost between 1.2 and 4.5 percent among the minor values in the SDAX.
In the United States, however, it looked better. There, the stock maker General Motors (GM) (General Motors) recently increased by 1.3 percent. The impetus for this gave a new purchase recommendation from the major Swiss bank UBS. In his study, analyst Joseph Spak is significantly more optimistic about the profitability of the Americans, which is why his result estimates would be up to 42 percent above the consensus by 2027. Despite the customs effects, he believes that GM can reach its margin goals ./Tih/niw/men
Selected leverage products on Aumovio
With knock-outs, speculative investors can participate disproportionately in price movements. Simply choose the desired lever and we will show you suitable open-end products on Aumovio
The lever must be between 2 and 20
Advertising