Morgan Stanley, Javier Martinez Olcoz and Ross MacDonald study the possible scenarios of a tariff increase on imported cars from Europe and possible tax cuts. European cars have a tariff increase of 2.5% while American cars sold in Europe have a tariff increase of 10%. Tariffs for trucks and vans are 25%.The cars most at risk of a rate increase are SUVs and sedans, but precisely the price elasticity is…
CdM | The passenger car and SUV market is now in its third positive month this year, closing the first quarter with an increase of 44.5%, with a total of 237,563 units. As for the March market, a total of 99,524 units were registered, 66.1% more than in the same month of the previous year. This increase is mainly due to the improvement in both the logistics chain and vehicle…
Spanish automotives parts’ manufacturer Gestamp will make its stock market listing on April 7. The preliminary price range is 5,60-6,70 euros, which values the company at 3.540 billion euros at the middle range. The operation will be positive for the Spanish bourse, where there are not a lot of industrial companies.