Group 1 - Analysts at Berenberg Bank indicate that automotive manufacturers may continue to face volatility in the short term, but the sales outlook for the European and American markets in Q3 is relatively positive [1] - Despite ongoing pricing pressures, a strong product launch momentum expected from the second half of 2025 to 2026-2027 should provide support [1] - The current 27.5% tariff on European vehicles in the U.S. is expected to continue squeezing profit margins until it is reduced to 15% [1] Group 2 - Berenberg Bank's preferred stocks include BMW, Ferrari, and Renault, citing BMW's solid fundamentals, potential upward revisions in Ferrari's consensus earnings expectations for 2026-2027, and Renault's attractive valuation [1] - The bank upgraded Stellantis' European stock rating from "Hold" to "Buy," raising the target price from €9 to €9.50 [1]