1413 GMT - European auto consensus expectations will decline, outlooks will be cut and efficiency lowered following the U.S. tariffs on imported cars, Stifel analyst Daniel Schwarz writes. In terms of volumes, Porsche and Ferrari have the highest exposure to tariffs, while the impact on earnings should be highest at Volvo Car, followed by BMW and Mercedes, he says. Stifel believes the earnings impact depends on the ability to pass through tariffs to customers, which is unlikely for most, so Mercedes and BMW margins could be hit by around three percentage points in the short term. For Volkswagen the impact should be less due to lower U.S. exposure. Ferrari should be able to pass through some tariffs and Porsche could increase prices for the 911, it says. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
March 27, 2025 10:13 ET (14:13 GMT)
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