The result of the U.S. election will have far-reaching ramifications for Europe's auto industry, in particular for BMW and Mercedes-Benz, which have large U.S. factories and also count the country as their No. 2 sales market after China.
The result of the U.S. election will have far-reaching ramifications for Europe's auto industry, in particular for BMW and Mercedes-Benz, which have large U.S. factories and also count the country as their No. 2 sales market after China.
Suppliers have become more pessimistic about their financial outlooks and how globally competitive they are since tariffs have gone into place, MEMA data shows.