---
title: "BUZZ-European carmakers rise as Trump backs down on Greenland tariffs"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/273345616.md"
datetime: "2026-01-22T09:00:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273345616.md)
  - [en](https://longbridge.com/en/news/273345616.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273345616.md)
---

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# BUZZ-European carmakers rise as Trump backs down on Greenland tariffs

Shares in European carmakers rise after U.S. President Donald Trump backed down on Greenland tariffs, easing market concerns

The pan-European automobiles and parts index (.SXAP) is up around 2.6% as of 0837 GMT

German carmakers BMW (BMWG.DE) , Mercedes (MBGn.DE) and Porsche (P911\_p.DE) rise between 2.8% and 3.2% Volkswagen, which also reported surprisingly strong 2025 net cash flow in its automotive division, jumps 5.6%, among top performers on Europe’s benchmark STOXX 600 index (.STOXX)

Volvo Cars (VOLCARb.ST) is up 2.2%, Renault (RENA.PA) and Stellantis (STLAM.MI) rise around 1.2%

Trump’s remarks in Davos about Greenland eased immediate fears of punitive trade tariffs, Warburg Research analyst Fabio Hoelscher says

“The federal electric vehicle subsidies in Germany and a technical rebound on the sector’s relatively low valuations could be helping, too,” Hoelscher adds

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