Auto Stocks Skid After Trump Shrugs Off Higher Prices - Should You Buy The Dip?

BenzingaMar 31 08:40 ET

European Markets Fall as Trump Tariffs Loom

Seeking AlphaMar 31 04:37 ET

Toyota's global sales increased in February due to a surge in shipments from Japan.

After a slow start in the year, Toyota Motor saw an increase in global monthly sales in Japan for February. Global sales include subsidiary Daihatsu Motor and Hino Motors. The company announced on Friday that February sales increased by 9.5% year-on-year to 825,217 vehicles. Sales in Japan surged by 52%. Global production grew by 12.5% to 887,588 vehicles. The global automotive Industry is gearing up for turbulence after USA President Donald Trump announced that a 25% tariff will be imposed on cars imported to the USA starting next week. After two years of a series of regulatory scandals and major overseas recalls, Toyota has finally started to show signs of...

Global Market ReportMar 28 00:38 ET

Auto Tariffs: TSLA, RIVN, LCID Produce Their Vehicles in U.S., F Better Positioned Than GM

Seeking AlphaMar 27 15:04 ET

The USA's car tariffs are likely to reduce Porsche and Mercedes profits by a quarter. Ferrari has announced a price increase.

Porsche and Mercedes-Benz are likely to be the biggest victims of President Trump's latest trade measures, as the new tariffs on imported cars imposed by the USA could impact them by 3.4 billion euros (3.7 billion dollars). It is estimated that Trump's 25% auto tariff could reduce the expected operating profits of Porsche and Mercedes by about a quarter by 2026. To offset this impact, auto manufacturers may have to raise prices or shift more production to the USA. The tariffs could disrupt the reliance of the European auto industry on exports to the profitable USA market. German Auto Manufacturers face the greatest risk, as they export to the USA.

Global Market ReportMar 27 13:50 ET

Winners of Trump's Autos tariffs: Musk.

Since all cars sold in the USA are produced locally, Elon Musk's Tesla will almost entirely avoid the impending impact of import tariffs on automobiles. In contrast, major Global competitors, including Hyundai, Volkswagen, and General Motors, will face a sharp rise in costs.

wallstreetcnMar 27 07:31 ET