In anticipation of a recovery in the economy from the consequences of the Virus outbreak, VW , Daimler and BMW stood out with increases of up to 3.4 percent in the Dax, are particularly positive. The leading index stayed at a record rate, he rose to 0.65 percent.
BMW is in focus
At BMW, the investor sentiment in addition to the climate goals. The car maker wants to make this year a big step towards meeting the EU emissions targets in the climate-damaging carbon dioxide (CO2). Because The car manufacturers have to comply with the EU at the latest in 2021 in the cut, an average emission of 95 grams of CO2 per kilometre in new cars sold. Who builds heavier vehicles may be slightly higher. In the case of BMW and Mercedes experts and companies expect limits of 100 grams. 2020, transitional arrangements will still apply in the case of strength of the fleet objectives will threaten but depending on the manufacturer, size, billions in penalties.
in addition, the Munich-based carmaker wants to leave the production in its three factories in the Chinese city of Shenyang start up again. According to “current condition” was for the coming Monday (17. February) planned, said group chief Oliver Zipse on Wednesday at an industry conference in Bochum, Germany. BMW had extended due to the spread of the Coronavirus, the new year’s holiday. Shenyang is the world’s largest site of the car manufacturer, with Around 18.000 employees produce annually half a Million cars and engines.
How long the ramp-up of production will take is not yet clear, said Zipse. It is also difficult to assess what the consequences have stop the production. The standstill but have no impact on the global supply currents in the case of BMW. “We do not expect currently that other works are outside affected by China significantly,” said Zipse.
The share claimed, with an increase of 3.27 percent, as the Dax-favorite. Car values were on Wednesday in terms of the industry index Stoxx Europe 600 Autos & Parts is the leader in Europe, it rose by 3 percent. Investors are betting that the economic consequences of the Coronavirus thanks to the measures taken in China to manage. Both the number of new victims as well as the number of new patients decreased in the according to official sources, on Wednesday something. China is regarded as probably the most important growth market in the industry.
Continental stock climbs on Dax-lace
But also supply companies benefited from the good mood. Continental in the Dax with a rise of 4.5 percent in the Dax, even for the top riders. Recently, the share price was still 3.66 percent in the Plus. Here are the planned spin-off of the Drive sector Vitesco makes recently talking. Reference was made to the market on a presentation, from which it appears that in the category of large growth potential is seen with electronic drives. Continental 108,10 EUR +3,96 (+3,80%) Xetra
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Europe and helped in the supplier industry, in addition, an upgrade by Morgan Stanley to the French Valeo group, its shares rose in Paris rose 4.2 percent. The experts see the sector size after last weak run less rate risks. Analyst Victoria Greer leads for Valeo now a neutral vote “Equal-Weight”.
Norma Group convinced with numbers template
Individually, the Norma Group provided the template for conversation. The shares advanced in the SDax index as the second best value of more than five percent. The results of the connection technology specialist, were stockbrokers and analysts in the first comments happy. They wait eagerly on the Outlook for the automotive supplier at the end of March – mainly because Norma 2019 had to lower its targets several times.
Analyst Daniel Kukalj from the Quirin Bank downgraded the Norma-papers from “Hold” “Buy” high. First, smaller margin improvements could be sufficient to improve the mood of investors.
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