Carmakers’ Shares Rise on Tuesday Amidst US President’s Announcement
- April 15,2025 - Shares of major European automakers,including BMW,Mercedes-Benz,Porsche,and Volkswagen,experienced gains on the Tradegate trading platform following indications of potential tariff relief from the United States.
- BMW (DE0005190003), mercedes-Benz (DE0007100000), porsche AG (DE000PAG9113), and Volkswagen (DE000764039) all saw their stock prices increase between 2.7% and 3.8% compared to their closing prices on the...
- The gains followed statements suggesting a possible delay or adjustment to previously imposed tariffs on imported vehicles and auto parts.
European Automakers See Stock Gains Amid Potential Tariff Relief
April 15,2025 – Shares of major European automakers,including BMW,Mercedes-Benz,Porsche,and Volkswagen,experienced gains on the Tradegate trading platform following indications of potential tariff relief from the United States.
Stock Performance
BMW (DE0005190003), mercedes-Benz (DE0007100000), porsche AG (DE000PAG9113), and Volkswagen (DE000764039) all saw their stock prices increase between 2.7% and 3.8% compared to their closing prices on the XETRA exchange.
Potential Tariff Adjustments
The gains followed statements suggesting a possible delay or adjustment to previously imposed tariffs on imported vehicles and auto parts. The reason given was that car companies would need more time to adjust their supply chains to part production in the USA.
The U.S. had previously imposed a 25% tariff on vehicles imported into the country, with tariffs on components scheduled to take effect at the beginning of May. Certain vehicles from Mexico and Canada are already exempt under the north American trade agreement.
Industry-Wide struggles
Despite the recent gains, the European Auto Index Stoxx europe 600 Automobiles (EU0009658681) remains down approximately 12% for the year. A recovery attempt that began in December was hampered by U.S. customs policy, leading to a decline of over 20% as then.