Underperforming Euro auto shares reflect fear of new front in U.S. trade wars

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Euphoric stock markets celebrated the China-U.S. trade truce by marking record h...

), to the involvement of China’s Huawei in building 5G networks and different approaches to tackling Iran’s nuclear program.

Tariffs would be an additional blow as carmakers struggle with an auto industry downturn, particularly in key market China, and the need to increase electric vehicle investment as several countries move to eventually ban combustion engines. Last year, they fell 17% while the broader European Stoxx 600 index had its best year in a decade with a 23% rise., the export oriented index of Europe's largest economy, plunging to a 10-year low relative to the index.

 

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not that we be able to buy european cars soon anyway as sale of petrol and diesel vehicles will be banned in 2050 in the uk.... so musk mobiles it is!

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