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Sputtering vibe in the auto parts sector

May 29, 2018 2:50 PM ETBorgWarner Inc. (BWA) StockALV, BWA, CMI, AXL, TEN, SUP, WBC, WPRT, DAN, DLPHBy: Clark Schultz, SA News Editor10 Comments
  • The auto parts sector is having a weak day as investors weigh turmoil in Italy and a cut by Nissan in U.S. production.
  • There's also tariff anxiety in the wind again.
  • "Trump’s consideration of a 25% tariff on automotive imports is likely just a threat, but will create protracted uncertainty that could slow investment and sourcing," warns Bloomberg Intelligence analyst Caitlin Webber.
  • Decliners include BorgWarner (BWA -5.8%), American Axle & Manufacturing (AXL -5.1%), Tenneco (TEN -5.3%), Meritor (MTOR -3.6%), Dana (DAN -3.7%), Westport Fuel Systems (WPRT -2.7%), Autoliv (ALV -2.9%), Delphi Technologies (DLPH -2.8%), Superior Industries International (SUP -5.8%) and WABCO Holdings (WBC -2.7%).
  • Previously: Nissan to cut U.S. production this summer (May 29)

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