European car stocks sink over tariffs, Stellantis -5%

(ANSA) - ROME, MAR 27 - Shares in European carmakers sank on Thursday after President Donald Trump's announcement that he would impose 25% tariffs on all vehicles and foreign-made auto parts imported into the United States as of April 2.
    The auto sector shed 3. 3%.
    Stellantis fell by 5.3%.
    In response to the news, carmakers recording sharp drops also included Mercedes (-5.5%), Bmw (-4.5%), Volkswagen (-4%) and Porsche (-4.9%).
    Renault was only down 0.6%. (ANSA).