BMW (BMW GY), Mercedes (MBG GY) and Volkswagen (VOW3 GY) are in talks with US Trade Ministry on tariffs, and aim for an agreement by the start of July, according to Handelsblatt citing sources
- Working with the US on a mechanism to offset imports and exports.
- The companies are considering investing billions in the US as part of a possible tariff deal.
Reaction details (14:16)
In an immediate reaction, BMW GY, MBG GY and VOW 3 GY shares spiked higher.
- Volkswagen (VOW3 GY) shares rose from EUR 95.96 to 97.14.
- BMW (BMW GY) shares rose from EUR 76.90 to 77.94.
- Mercedes (MBG GY) shares rose from EUR 51.56 to 52.27
28 May 2025 - 14:13- EquitiesImportant- Source: Handelsblatt
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