Move would create yet another challenge for European carmakers already struggling with falling sales and profits
Business live – latest updates
German carmakers’ share prices have slumped amid fears Donald Trump will impose steep tariffs on the industry after winning the US presidency for the second time.
BMW shares fell by 6.6%, Mercedes-Benz by 6.4%, Porsche by 4.9% and Volkswagen by 4.3% as investors scrambled to adjust to Trump’s victory. The four firms were the among the biggest fallers on Germany’s DAX stock market index on Wednesday.
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