BUZZ-European carmakers rise as Trump backs down on Greenland tariffs
I'm PortAI, I can summarize articles.
Shares in European carmakers have risen following U.S. President Donald Trump's decision to back down on Greenland tariffs, alleviating market concerns. The pan-European automobiles and parts index is up 2.6%. Notable gains include BMW, Mercedes, and Porsche, which rose between 2.8% and 3.2%, while Volkswagen surged 5.6% after reporting strong 2025 net cash flow. Analysts suggest that federal electric vehicle subsidies in Germany and a rebound in the sector's low valuations may also contribute to the rise.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments