The Jaguar motif stands outside the Jaguar Land Rover Halewood assembly plant on March 2, 2011 in Halewood, England.
Christopher Furlong | Getty Images
The risk of U.S. tariffs on global auto imports and parts has cast a shadow over the worldwide auto market, but some automakers stand to lose more than others.
European luxury car makers like BMW, Mercedes maker Daimler and Jaguar Land Rover are the most vulnerable to trade tensions between the U.S., Europe and Asia, Fitch Ratings said in a new report this week.
The majority of the cars they sell in the U.S. are imported from elsewhere. Of that group, Jaguar Land Rover is particularly vulnerable. The British luxury automaker, which reported U.S. sales of 9,358 cars in May, didn’t build any of its cars in America. That makes the threat of an import tariff of up to 25% particularly damaging.
Other European luxury automakers like Mercedes-Benz parent company Daimler and BMW are also at risk, but unlike Jaguar Land Rover, have moved assembly…