(Il Sole 24 Ore Radiocor) - London, 12 Jun - In European stock market dealings, car makers slid following reports that some major auto manufacturers face possible lawsuits in Britain for allegedly cheating emissions tests.

In Frankfurt, Porsche dipped 2.08% at 45.66 euros, BMW sank 0.94% at 90.26 euros, Volkswagen dipped 1.48% at 109.55 euros and Mercedes Benz slid 0.90% at 64.82 euros.

In Stockholm, Volvo Cars dipped 5.35% at 34.69 euros.

Meanwhile, the European Union said today it would slap higher tariffs on Chinese electric vehicle imports.

Shares in the Italian holding company Italmobiliare dipped 1.71% at 28.75 euros after Cemital Privital Aureliana sold a 1.2% stake in the company through an accelerated bookbuilding. The shares were sold at 27.5 euros each.

Following the sale of the shares, Cemital's stake was cut to 47.7% from 48.9%.

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(RADIOCOR) 12-06-24 18:28:12 (0607) 5 NNNN