German carmakers, Washington in talks over import tariff deal, sources say

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Open this photo in gallery: Shares in the companies got a boost from news of the talks, with BMW up 3.3 per cent and Mercedes up 2.6 per cent.Mario Tama/Getty Images Germany’s leading automakers are in talks with Washington over a possible import tariff deal, seeking to use their U.S. investments and exports as leverage to soften any blow, three people familiar with the matter said. BMW BMW-NE, Mercedes-Benz MBGYY and Volkswagen VWAGY hope that the talks with the U.S. Department of Commerce could result in a deal in June, one of the people said, but this would be contingent...