Reported about 19 hours ago
European luxury automakers are bracing for potential tariffs on their products, particularly amid threats from the U.S. government regarding wines and luxury items, including champagne. Companies like Ferrari and Porsche are considering passing costs onto consumers or finding other strategies to manage the impact of tariffs, with BMW planning to absorb costs temporarily. The uncertainty surrounding tariffs on European and Mexican goods is creating a challenging environment for these automakers as they navigate potential price increases and market competition.
Source: YAHOO