German auto stocks suffer as Trump’s tariff plan hits Daimler forecast [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
The Daimler earnings forecast has turned negative, citing trade pressure. German firms that produce cars in the United States for sale in China are feeling tariff pressure. The Mercedes maker is expected to move more of its production to China. Published 25 Mins Ago CNBC.com Getty Images Mercedes G63 AMG German auto stocks we re trading sharply lower Thursday after Daimler cut its 2018 earnings forecast, blaming global trade tensions. Daimler sa id sales of its Mercedes-Benz SUVs would suffer from fresh tariffs on cars exported from the U . S . to China. Washington plans to levy tariffs of at least $50 billion o n Chinese imports as a countermeasure to Beijing 's alleged intellectual copyright theft. The German group predict ed earnings w ould now be slightly lower than last year's level , after previously predicting that profits would rise. Autos was easily the worst pe
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CMCSA
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- 1/25/24 - Beat
CMCSA
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- 4/17/24 - Form 4
- 4/17/24 - Form 3
- 4/15/24 - Form 8-K
- CMCSA's page on the SEC website