Most European car manufacturing concept stocks closed lower, and investors are watching the trade agreement reached between the United States and the European Union.
Among them, Porsche P911 fell by 4.24%, Aston Martin, Volkswagen, BMW, and Mercedes-Benz Group fell by 3.65% to 3.17%. Faurecia Group rose by 0.65%, Michelin rose by 1%, Auto1 rose by 2.25%, and Faurecia rose by 13.43%. The latest performance report shows that Faurecia's sales in the first half of the year were 13.48 billion euros, with analysts expecting 13.4 billion euros. Adjusted EBITDA in the first half of the year was 1.76 billion euros, with analysts expecting 1.25 billion euros. Operating profit in the first half of the year was 722 million euros, with analysts expecting 654 million euros.
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