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Stock impact report

Auto giant shares tumble on Trump's tariff threat over Greenland [CNBC]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: CNBC
The logo of the German car manufacturer Volkswagen can be seen on a vehicle in front of a VW dealership. Picture Alliance | Picture Alliance | Getty Images Shares of some of Europe's biggest carmakers fell sharply on Monday morning, following U.S. President Donald Trump's pledge to impose tariffs on several European countries over Greenland. Germany's Volkswagen BMW and Mercedes-Benz Group were trading between 3% to 4% lower shortly after the opening bell, while Milan-listed shares of Ferrari dipped 2.6% in early deals. Milan-listed shares of Stellantis , which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, were last seen 3% lower. The automotive sector is widely regarded as acutely vulnerable to levies, particularly given the high globalization of supply chains and the heavy reliance on manufacturing operations across North America. This is breaking news. Please refresh for updates. Show less Read more
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