European Auto Makers Have Mixed Fortunes as Trump Nears Presidency -- Market Talk

Dow Jones11-06

1031 GMT - Shares in European auto makers have mixed reactions to the prospect of a Donald Trump U.S. election win. Trump has suggested tariffs could soon be applied to European exports. At a rally last week he said he would ensure the European Union "pay a big price" for not buying enough U.S. products. "They don't take our cars. They don't take our farm products. They sell millions and millions of cars in the United States. No, no, no, they are going to have to pay a big price," he said. Mercedes-Benz and Porsche shares drop more than 3%, while Volkswagen shares are down 4%. Shares in Stellantis, which owns many large U.S. brands and has extensive manufacturing facilities in the country, rise 3.8%. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

November 06, 2024 05:31 ET (10:31 GMT)

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