By WSJ Staff
General Motors $(GM)$: The automaker's quarterly earnings, due Tuesday, should shed some light on the potential hit from tariffs. Late Monday, The Wall Street Journal reported that car manufacturers paying President Trump's auto levies will likely be exempt from other duties, such as on steel and aluminum. GM shares edged higher in premarket trading.
Porsche (XE:P911): The German luxury-car brand slashed its financial guidance, as the prospective hit from tariffs adds to its challenges. Shares dropped more than 4%. Volvo Car (SE:VOLCAR.B) also withdrew its financial outlook, knocking its shares in Stockholm.
Stellantis $(STLA)$: Shares in the Jeep and Ram maker rose in Europe. Unlike Porsche, Stellantis has U.S. factories, meaning it would benefit from Trump's potential softening of auto tariffs.
Rheinmetall (XE:RHM): Shares in the German defense company rose 6% after it posted better-than-expected earnings. The company has been a major beneficiary of European rearmament.
American Airlines $(AAL)$; JetBlue Airways $(JBLU)$: American sued JetBlue to recover money owed after the carriers' partnership talks ended.
Coca-Cola $(KO)$; Pfizer $(PFE)$; UPS $(UPS)$; Paypal $(PYPL)$: The companies are all due to post earnings this morning.
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(END) Dow Jones Newswires
April 29, 2025 05:20 ET (09:20 GMT)
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