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Could this be the straw that breaks the camels back?
While stock markets have largely shrugged at the prospect of a renewed Trump trade war, his threat to impose tariffs on Mexico and Canada, along with additional tariffs on China, have taken a toll on European carmakers.
Values – already subdued on the back of weak demand for electric cars and trade disputes with China – took a dive on the possibility of the new US president turning his attentions across the Atlantic.
Volkswagen saw just over €1bn taken from its market value in choppy trading – down by more than 2%.
Shares in Stellantis (whose biggest brands include Peugeot and Fiat) were also among the main losers.
They were down by 4%, accounting for €2bn in market value.
Worst hit was Volvo, owned by Chinese group Geely, which saw its shares decline by more than 3% at one stage.
It meant that more than €2bn was slashed from its own value.
https://news.sky.com/story/money-latest-personal-finance-consumer-black-friday-live-13040934
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