U.S. Tariff Action Could Cost German Carmakers More Than $7 Billion; Report [Forbes]
Evercore Inc. Class A (EVR)
Last evercore inc. class a earnings: 4/22 06:00 am
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Source: Forbes
U.S. Tariff Action Could Cost German Carmakers More Than $7 Billion; Report Oliver Blume, chief executive officer, speaks beside a Porsche Taycan electric car. Photographer: Alex Kraus/Bloomberg © 2018 Bloomberg Finance LP German carmakers Volkswagen, BMW and Mercedes could lose total annual profits of more than $7 billion if the U.S. imposes a 25% tariff on auto imports, according to a report Monday from investment researcher Evercore ISI. Britain’s Jaguar Land Rover (JLR) will take a big hit too, the report said, although it didn’t speculate about the amount. U.S. Commerce Secretary Wilbur Ross has formerly submitted a report to President Trump which sought to determine if imported vehicles and auto parts were harming national security. Evercore ISI said it had no details of what the report might say, but worried that details might leak over coming days. President Trump has expressed particular dismay at the current tariff arrangement, which allows Europeans to sell cars and SUVs in
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EVR
News
- All the data so far is showing inflation isn't going away, and is making things tough on the Fed [MSNBC.com]MSNBC.com
- Americans are falling behind on their payments [CNN]CNN
- Hot Picks: Three plays in the investment bank sector [BNN Bloomberg (Canada)]BNN Bloomberg
- Evercore (EVR) Stock Dips 4.9% as Q1 Earnings Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Americans are falling behind on their payments [Yahoo! Finance]Yahoo! Finance
EVR
Earnings
- 4/24/24 - Miss
EVR
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEF
- 4/26/24 - Form DEFA14A
- EVR's page on the SEC website