As a result of the continuing impact of the trump tariff policy, stock prices among the major european motor companies generally fell on wednesday, local time. At present, a number of cars in the united kingdom and germany have announced a moratorium on the delivery of goods, idle factories, etc。
Cnbc 蒋钰: on wednesday, local time, the share price of the european automobile giant continued to be affected by the trump tariff policy, which continued the recent downward trend and, as of the time of closing, generally collapsed. According to analysts, german cars were hit hardest。
During the night, german public car stock prices fell by about 2. 42 per cent, while german mercedes-benz and bmw stock prices fell by more than 3 per cent. In addition, the french vehicle spare parts supplier, farreo, on wednesdays of local time, suffered a major setback of about 7. 9 per cent in stock prices。
As of 3 april local time, the united states has imposed a 25 per cent tariff on all imported passenger vehicles. Furthermore, the united states government plans to impose customs duties on certain vehicle parts on 3 may。
The senior economist of the netherlands international group, riko ruman, told cnbc that german automobile manufacturers export hundreds of thousands of cars to the united states each year, compared to 749,000 last year, and are therefore most vulnerable to customs duties. Even where factories exist on the mainland of the united states, these companies are still highly dependent on spare parts imported from europe in the production process。
The industry analyst also told cnbc that, although mercedes and bmw have large factories in the united states, in the automobile manufacturing industry, each plant is usually focused on the production of a particular type of car, a model known as “specialized plants”. This also means that it is difficult to create all the models locally, even if the car companies invest much in the united states。
A number of car companies announced suspension of shipments, idle factories, etc
Experts noted that trade wars were expected to have a profound impact on the global automobile industry. Since the entry into force of last week's auto tariffs, major motor vehicles have begun to announce plans that include a moratorium on shipments, import fees, idle factories and even layoffs。
One of the largest british automobile manufacturers, jaguar rover, informed cnbc on 6 april of the suspension of shipments to the united states in april to assess the impact of the imposition of vehicle tariffs. (news link: jaguar rover, exposed
The german motor vehicle volkswagen recently indicated that it was planned to include the import costs associated with the trump tariff directly in the price mark for the united states model. In addition, it is known that the public has suspended the transport of mexican-produced cars to the united states by rail。
The decision to suspend production at two assembly plants in canada and mexico, as recently announced by multinational motor enterprises stelandtis, resulted in the temporary lay-offs of some 900 workers in the united states of america's associated support plants。
Analysts point out that the united states market is expected to experience a decline in car sales this year. For european firms, the focus is now on the need to develop other global export markets. ♪ look at the money ♪
