Trade War Impact on Auto Industry

European automakers like Stellantis, Volkswagen, BMW, and Mercedes-Benz with plants in Mexico and Canada face potential risks from trade wars. * Stellantis is most exposed due to high sales in the US and reliance on production in Canada and Mexico. * Volkswagen's exposure is similar to BMW and Mercedes, but tariffs on Canada and Mexico could affect it more. * BMW and Mercedes are less concerned about tariffs on Canada and Mexico due to lower supply chain reliance. * Volvo's truck division is largely protected due to local manufacturing in the US.