0928 GMT - European auto stocks trade mostly lower following an industry rout Thursday sparked by President Trump's plan to slap 25% tariffs on U.S. auto imports. The European Union is now under pressure to respond, Rabobank says. "We believe the European Union prefers to make a deal and prevent a full-blown trade war." However, absent an agreement, European leaders will most likely strike back, the bank says. Aston Martin was among the hardest hit yesterday and shares are down a further 3.1% today. Shares in Mercedes-Benz, BMW, Volkswagen, Stellantis and Porsche are all down by around 1% this morning. Ferrari is bucking the trend, gaining 2.2% after it became the first European name to announce price hikes on certain models to counter the tariffs. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
March 28, 2025 05:28 ET (09:28 GMT)
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