** Shares in some of the biggest European carmakers move higher after a report that U.S. President-elect Donald Trump will stop short of imposing new tariffs on his first day in office
** Shares in German carmakers, exposed to potential retaliatory moves by China, BMW BMWG.DE, Porsche AG P911_p.DE, Volkswagen VOWG_p.DE, Mercedes-Benz MBGn.DE rise between 0.9% and 2% by 1351 GMT
** Milan-listed shares in Stellantis STLAM.MI are up 1.2%
** The STOXX Auto & Parts index .SXAP rises 1%, while Europe-wide STOXX 600 .STOXX index erases earlier losses and is up 0.1%
(Reporting by Anna Pruchicka)
((anna.pruchnicka@tr.com))
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