financetom
Business
financetom
/
Business
/
European truck shares fall on U.S. electric vehicle rules reversal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
European truck shares fall on U.S. electric vehicle rules reversal
Mar 13, 2025 2:52 AM

(Reuters) - Shares in European truck makers fell on Thursday after the U.S. Environmental Protection Agency (EPA) said it would start efforts to reverse the Biden administration's vehicle emissions rules.

Analysts said trucking fleet firms had been expected to "pre-buy" trucks before the rules took effect, driving up demand, but this is now unlikely to happen.

"Given the EPA's latest comments, the market likely assumes the tighter regulations will be reversed, meaning there is no longer an expectation of a pre-purchase surge in the second half of 2025 and 2026," Metzler's analyst Pal Skirta told Reuters.

Skirta said that was the main reason behind Thursday's share price fall.

Daimler Truck, which was contacted by Reuters but was not immediately available for comment, took the biggest hit and was down 7% at 0921 GMT.

The EPA said it is also reconsidering a 2022 regulation that aims to drastically cut smog- and soot-forming emissions from heavy-duty trucks, saying the rule makes trucks more expensive.

The United States is the most important market for Daimler, which has invested heavily in emission-free drive systems with a view to climate protection goals and corresponding regulations.

Other big fallers in Europe include Sweden's Volvo and Traton, down around 3%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CNN pulls stories from Apple News feed, Semafor reports
CNN pulls stories from Apple News feed, Semafor reports
Nov 23, 2025
Nov 23 (Reuters) - CNN has removed its stories from Apple News, ending its content-sharing agreement with the platform, Semafor reported on Sunday. The two companies are discussing a new deal that would restore CNN's stories to Apple News, the report said. Reuters could not immediately verify the report. Apple ( AAPL ) and CNN did not immediately respond to...
Freeport Indonesia targets 478,000 tons of copper cathode output in 2026
Freeport Indonesia targets 478,000 tons of copper cathode output in 2026
Nov 23, 2025
JAKARTA, Nov 24 (Reuters) - Freeport Indonesia plans to produce 478,000 metric tons of copper cathode and 26 tons of gold in 2026, lower than its initial plan due to an ongoing recovery process following a mud flow accident, chief executive Tony Wenas said on Monday. Copper and gold sales in 2025 are also expected to be lower than initially...
CNN pulls stories from Apple News feed, Semafor reports
CNN pulls stories from Apple News feed, Semafor reports
Nov 23, 2025
(Reuters) -CNN has removed its stories from Apple News, ending its content-sharing agreement with the platform, Semafor reported on Sunday. The two companies are discussing a new deal that would restore CNN's stories to Apple News, the report said. Reuters could not immediately verify the report. Apple ( AAPL ) and CNN did not immediately respond to Reuters' requests for...
Analysis-Norway's wealth tax trades millionaires for equality
Analysis-Norway's wealth tax trades millionaires for equality
Nov 23, 2025
OSLO (Reuters) -Sitting in his lakeside villa in the Swiss city of Lucerne, Borger Borgenhaug misses his grandchildren and the smell of the Nordic sea on a clear summer night. The carpenter turned real-estate tycoon says that is the price he pays to escape Norway's beefed-up wealth tax - an annual levy that has driven hundreds of millionaires abroad while...
Copyright 2023-2026 - www.financetom.com All Rights Reserved