- 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)