U.S. offer for ‘zero solution’ to car tariffs drives EU auto makers higher


Shares of European car makers climbed Wednesday on the prospect of a softening stance on auto-industry tariffs by the U.S. if the European Union makes a concession. A U.S. official said the U.S. would be prepared to stop threatening to impose stiff tariffs on cars imported from the EU if the bloc eliminates duties on U.S. cars, according to a report by German newspaper Handelsblatt, citing unnamed sources. Prospects for a so-called “zero solution” lifted the Stoxx Europe 600 Autos and Parts Index












SXAP, +3.32%










up by 3.1%. In Frankfurt trade, shares of BMW AG












BMW, +2.69%










leapt 4.2%, Volkswagen AG












VOW3, +2.82%










gained 2.8% and Daimler AG












DAI, +2.52%










added 3.3%. In Paris, Peugeot SA












UG, +2.95%










rose 2.6% and Renault AG












RNO, +2.78%










picked up 1.8%. In Milan, Fiat Chrysler Automobiles NV shares












FCA, +5.82%










revved up 4.1%.

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