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Barclays has downgraded Volvo, Daimler Truck, and Traton in the European truck sector, citing increasing tariffs, macroeconomic, and regulatory risks, particularly in North America. Analysts express concerns over the sustainability of the sector's recent performance and warn that optimistic market expectations for 2025 may be misplaced. Volvo's stock was cut to Underweight due to margin misses and a challenging outlook, while Traton and Daimler face pressures that limit near-term growth prospects.
Barclays has downgraded Volvo, Daimler Truck, and Traton in the European truck sector, citing increasing tariffs, macroeconomic, and regulatory risks, particularly in North America. Analysts express concerns over the sustainability of the sector's recent performance and warn that optimistic market expectations for 2025 may be overly ambitious. Volvo's stock was specifically criticized for its recent margin misses and a potentially unrealistic outlook, while Traton and Daimler face challenges from rising pressures and strategic limitations.
Barclays adopts a cautious stance on European truck manufacturers due to rising U.S. tariffs and regulatory risks, which could undermine the current stabilization in Europe, particularly affecting export-driven economies like Germany. The broker warns of potential earnings and cash flow downside risks for the sector, prompting downgrades for Daimler Truck and Traton to "equal-weight" and Volvo AB to "underweight," citing unfavorable valuations and significant foreign exchange challenges.
Barclays analyst Erwann Dagorne has downgraded Volvo AB's stock rating from Equalweight to Underweight, setting a price target of SEK280. The decision stems from concerns over consecutive quarterly misses in Trucks margin and an overly optimistic 2025 outlook amid challenging market conditions, particularly in North America.Despite recent stock outperformance, Dagorne warns that investor complacency may overlook significant headwinds, including currency fluctuations and competitive pressures from peers like Daimler and Traton Group. The upcoming layoffs at Volvo's Dublin plant further highlight the company's struggles in the current economic landscape.
Tesla's sales in Europe plummeted nearly 45% last month, with fewer than 16,000 vehicles sold, marking the lowest market share in February for five years. This decline is attributed to Elon Musk's controversial political involvement and the ongoing transition of the Model Y. In contrast, competitors like Volkswagen and BYD saw significant sales increases, highlighting Tesla's vulnerability amid rising competition in the electric vehicle market.
Charlotte Whitby-Coles has been appointed Chief Operating Officer of the World Pickleball League (WPBL), following her significant contributions during the league's inaugural season. With over 17 years of experience in sports and entertainment, she aims to enhance operations and strategy, promoting women's inclusion in pickleball. The WPBL, co-founded by Gaurav Natekar and Arati Ponnappa Natekar, is set to debut its second season in January 2025, building on its successful first season in Mumbai.
Geely's founder, Li Shufu, has introduced the Taizhou Declaration to address financial challenges amid a slowing EV market and rising tariffs. This strategy focuses on consolidating operations and enhancing efficiency, following significant losses of $2.2 billion across its EV brands in 2024. Geely aims to boost annual vehicle sales from 3.3 million in 2024 to 5 million by 2027.
Lotus Cars has appointed Peiji Qin as the new president of its China operations, effective March 12, reporting directly to CEO Feng Qingfeng. Former president Mao Jingbo has transitioned to global chief sales officer, focusing on global production and marketing integration. Qin, with over 15 years in the Geely ecosystem, aims to strengthen Lotus' presence in China as part of the company's global expansion strategy.
UBS has increased its price target for Volvo B shares from 274 to 302 Swedish kronor while maintaining a "Neutral" rating. Analyst Hemal Bhundia noted that the anticipated improvement in the truck market for 2025 is already reflected in the current pricing.
UBS has raised its target price for Volvo to SEK 302, maintaining a neutral stance on the stock. As the leading European truck manufacturer and the third largest globally, Volvo's net sales are primarily driven by truck sales (68.4%), followed by construction equipment (16.8%) and financial services (5.1%). Geographically, sales are concentrated in Europe (41.1%) and North America (30.8%).
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barclays downgrades volvo traton and daimler truck amid market uncertainties
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14:10 25.03.2025
barclays downgrades volvo daimler and traton amid rising market uncertainties
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13:44 25.03.2025
Barclays downgrades European truck makers amid tariff and regulatory concerns
08:40 25.03.2025
Barclays downgrades Volvo AB stock to underweight with SEK280 price target
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tesla sales decline sharply in europe amid political controversies and competition
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15:39 24.03.2025
charlotte whitby-coles appointed chief operating officer of world pickleball league
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09:25 24.03.2025
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ubs raises volvo target price to 302 sek maintains neutral outlook
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