European Carmakers Seem Unscathed From U.S. Port Strike -- Market Talk

Dow Jones10-04

0852 GMT - European carmakers will likely experience a negligible impact from the three-day U.S. port strike, which ended after dockworkers and port operators reached an agreement, UBS analysts say in a research note. "Premium and luxury carmakers, especially Mercedes, Porsche and BMW, would have suffered from closed East Coast ports as their highest gross margin vehicles are imported from Europe. However, as the strike lasted only three days, we see the likely impact as negligible," UBS analysts say. However, lower U.S. car production could even have contributed to stabilizing prices and profit margins, given that dealer inventory levels have been running over the past few months, according to UBS. BMW rises 1.1%, Porsche is up 0.8% and Mercedes-Benz Group trades 0.4% higher. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

October 04, 2024 04:54 ET (08:54 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2472935332?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-04 16:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2472935332","market":"sh","top_or_hot":-1,"title":"European Carmakers Seem Unscathed From U.S. Port Strike -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0852 GMT - European carmakers will likely experience a negligible impact from the three-day U.S. port strike, which ended after dockworkers and port operators reached an agreement, UBS analysts say in a research note. \"Premium and luxury carmakers, especially Mercedes, Porsche and BMW, would have suffered from closed East Coast ports as their highest gross margin vehicles are imported from Europe. However, as the strike lasted only three days, we see the likely impact as negligible,\" UBS analysts say. However, lower U.S. car production could even have contributed to stabilizing prices and profit margins, given that dealer inventory levels have been running over the past few months, according to UBS. BMW rises 1.1%, Porsche is up 0.8% and Mercedes-Benz Group trades 0.4% higher. (adria.calatayud@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 04, 2024 04:54 ET (08:54 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>European Carmakers Seem Unscathed From U.S. Port Strike -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEuropean Carmakers Seem Unscathed From U.S. Port Strike -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-04 16:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0852 GMT - European carmakers will likely experience a negligible impact from the three-day U.S. port strike, which ended after dockworkers and port operators reached an agreement, UBS analysts say in...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4099","symbol_name":"汽车制造商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2472935332","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472935332","pubTimestamp":1728032040,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0852 GMT - European carmakers will likely experience a negligible impact from the three-day U.S. port strike, which ended after dockworkers and port operators reached an agreement, UBS analysts say in a research note. \"Premium and luxury carmakers, especially Mercedes, Porsche and BMW, would have suffered from closed East Coast ports as their highest gross margin vehicles are imported from Europe. However, as the strike lasted only three days, we see the likely impact as negligible,\" UBS analysts say. However, lower U.S. car production could even have contributed to stabilizing prices and profit margins, given that dealer inventory levels have been running over the past few months, according to UBS. BMW rises 1.1%, Porsche is up 0.8% and Mercedes-Benz Group trades 0.4% higher. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4099":"汽车制造商","MBGYY":"Mercedes Benz Group AG"},"translate_title":"欧洲汽车制造商似乎没有受到美国港口罢工的影响——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MBGYY":0.9},"content_text":"0852 GMT - European carmakers will likely experience a negligible impact from the three-day U.S. port strike, which ended after dockworkers and port operators reached an agreement, UBS analysts say in a research note. \"Premium and luxury carmakers, especially Mercedes, Porsche and BMW, would have suffered from closed East Coast ports as their highest gross margin vehicles are imported from Europe. However, as the strike lasted only three days, we see the likely impact as negligible,\" UBS analysts say. However, lower U.S. car production could even have contributed to stabilizing prices and profit margins, given that dealer inventory levels have been running over the past few months, according to UBS. BMW rises 1.1%, Porsche is up 0.8% and Mercedes-Benz Group trades 0.4% higher. (adria.calatayud@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 04, 2024 04:54 ET (08:54 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472935332"}