Tuesday:
There has been a lot of positive news about the German economy recently. August saw a bit of a setback, with orders plummeting 10% compared to the previous month. Nevertheless, the order situation in Germany has improved significantly on a year-over-year basis.
The phase-out of internal combustion engines in the EU could be further softened, as Germany and France appear to have reached a compromise on this issue. Auto stocks are gaining ground.
$MBG (+0,91%) Mercedes-Benz is selling significantly fewer cars, almost exclusively because of China. By contrast, sales in Europe, the U.S., and for electric vehicles have increased. Interestingly, sales of $1211 (+3,41%) BYD have actually fallen even more sharply in China than those of Mercedes.
Friday:
On the brink of an escalating trade war, the EU and China agree to curb hybrid imports into the EU. China has agreed to moderate its exports. The figure is reportedly in the range of several million cars.
