By Kosaku Narioka
Shares in Asian and European carmakers rose Tuesday after President Trump suggested the sector might get tariff exemptions to give it more time to restructure North American supply chains.
-- Toyota shares rose 3.7% in Asian trading, while Honda gained 3.6% and Hyundai advanced 4.3%, following roughly similar gains in by General Motors and Ford in the U.S. on Monday.
-- European automakers such as Mercedes-Benz and BMW were also higher Tuesday morning.
U.S. auto plants, including those owned by Asian companies such as Toyota, use many parts from Mexico and Canada. Carmakers have said it is difficult to quickly build a U.S.-only supply chain.
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(END) Dow Jones Newswires
April 15, 2025 03:54 ET (07:54 GMT)
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