German car makers at higher risk from possible Brexit fall-out
BMW and Volkswagen have lagged as the German companies grapple with weakening demand in their home region and China
Milan — European car makers’ share rally in 2019 might hit a roadblock as a US probe of vehicle imports raises the potential of new tariffs, with underperforming German manufacturers particularly at risk. US commerce secretary Wilbur Ross submitted a report to President Donald Trump on whether vehicles made abroad posed a national-security risk, according to a statement on Sunday. Trump will have 90 days for any response and, if he says he’ll move forward with measures under department of commerce recommendations, another 15 days to act. US government officials haven’t given any insights into the findings. At the Munich Security Conference on Saturday, German Chancellor Angela Merkel rejected the idea that her country’s autos pose a threat to the US Car producers’ and suppliers’ stocks in Europe have gained in 2019 — with the Stoxx 600 automotive index jumping 9.6% — amid optimism that the US-Chinese talks will resolve a dispute hampering the industry worldwide. BMW and Volkswagen h...
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