‘We Used to Be a Wealthy City’: Auto Woes Slam German Towns
Published . Updated .
Key takeaways
- The downturn in the automotive industry has done away with services and benefits that residents of Friedrichshafen, a lakeside city, once enjoyed.
- Exposed: CARZ, XLY, EWG, TSLA, GM
- Market reaction: CARZ −1.3% on the day; XLY +0.2% by the next session (still updating); TSLA +4.1% by the next session (still updating)
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The downturn in the automotive industry has done away with services and benefits that residents of Friedrichshafen, a lakeside city, once enjoyed.
Directly affected
- No company is named in this report.
Indirectly affected
- CARZ First Trust S-Network Future Vehicles & Technology ETF
First Trust S-Network Future Vehicles & Technology ETF: it holds carmakers and parts makers. Linked by “auto” (autos) in this story.
- XLY Consumer Discretionary Select Sector SPDR+5.7% 30d
Consumer Discretionary Select Sector SPDR: it holds carmakers and parts makers. Linked by “auto” (autos) in this story.
- EWG iShares MSCI Germany ETF-1.6% 15d
iShares MSCI Germany ETF holds stocks listed in Germany, which this story is about (“german”).
- TSLA Tesla+7.1% 30d
Tesla (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “auto” (autos) in this story.
- GM General Motors+10.1% 30d
General Motors (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “auto” (autos) in this story.
- TM Toyota Motor+3.2% 30d
Toyota Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “auto” (autos) in this story.
- F Ford Motor-5.2% 30d
Ford Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “auto” (autos) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CARZ | +7.48% | +7.48% | base | -1.28% | after close | after close | after close |
| XLY | -3.00% | -2.74% | base | +0.07% | +0.24% | after close | after close |
| EWG | -2.21% | -0.63% | base | -0.19% | -0.66% | after close | after close |
| TSLA | +5.37% | -9.09% | base | +0.48% | +4.07% | after close | after close |
| GM | -1.48% | -0.37% | base | -1.07% | -1.59% | after close | after close |
| TM | -11.65% | +0.28% | base | -1.81% | -2.53% | after close | after close |
| F | -1.84% | +0.08% | base | -1.92% | -2.44% | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
The downturn in the automotive industry has done away with services and benefits that residents of Friedrichshafen, a lakeside city, once enjoyed.
Source: The New York Times
The price since 10 Nov 2026: First Tr Exchange-Traded Fd (CARZ) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| First Tr Exchange-Traded Fd (CARZ) | that day | -1.28% | final price |
| First Tr Exchange-Traded Fd (CARZ) | three days earlier | +7.48% | final price |
| First Tr Exchange-Traded Fd (CARZ) | five days earlier | +7.48% | final price |
| Ishares (EWG) | that day | -0.19% | final price |
| Ishares (EWG) | the next day | -0.66% | still updating |
| Ishares (EWG) | three days earlier | -0.63% | final price |
| Ishares (EWG) | five days earlier | -2.21% | final price |
| Ford Motor (F) | that day | -1.92% | final price |
| Ford Motor (F) | the next day | -2.44% | still updating |
| Ford Motor (F) | three days earlier | +0.08% | final price |
| Ford Motor (F) | five days earlier | -1.84% | final price |
| General Motors (GM) | that day | -1.07% | final price |
| General Motors (GM) | the next day | -1.59% | still updating |
| General Motors (GM) | three days earlier | -0.37% | final price |
| General Motors (GM) | five days earlier | -1.48% | final price |
| Toyota Motor Corp/ (TM) | that day | -1.81% | final price |
| Toyota Motor Corp/ (TM) | the next day | -2.53% | still updating |
| Toyota Motor Corp/ (TM) | three days earlier | +0.28% | final price |
| Toyota Motor Corp/ (TM) | five days earlier | -11.65% | final price |
| Tesla (TSLA) | that day | +0.48% | final price |
| Tesla (TSLA) | the next day | +4.07% | still updating |
| Tesla (TSLA) | three days earlier | -9.09% | final price |
| Tesla (TSLA) | five days earlier | +5.37% | final price |
| Select Sector Spdr Tr (XLY) | that day | +0.07% | final price |
| Select Sector Spdr Tr (XLY) | the next day | +0.24% | still updating |
| Select Sector Spdr Tr (XLY) | three days earlier | -2.74% | final price |
| Select Sector Spdr Tr (XLY) | five days earlier | -3.00% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold Tesla (TSLA) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 39 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Tesla (TSLA) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 46 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Tesla (TSLA) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 60 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold General Motors (GM), worth $1,001 - $15,000 on 24 Aug 2026. That is 78 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Kevin Hern sold Ford Motor (F), worth $1,001 - $15,000 on 31 Aug 2026. That is 71 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around First Tr Exchange-Traded Fd (CARZ)
Companies carried with this story
- CARZ First Tr Exchange-Traded Fd
For “‘We Used to Be a Wealthy City’: Auto Woes Slam German Towns,” First Tr Exchange-Traded Fd (CARZ) is linked, with no stored direction, medium confidence. Reason on file: First Trust S-Network Future Vehicles & Technology ETF: it holds carmakers and parts makers. Linked by “auto” (autos) in this story
- XLY Select Sector Spdr Tr
Select Sector Spdr Tr (XLY) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “‘We Used to Be a Wealthy City’: Auto Woes Slam German Towns.” Reason on file: Consumer Discretionary Select Sector SPDR: it holds carmakers and parts makers. Linked by “auto” (autos) in this story
- EWG Ishares
In “‘We Used to Be a Wealthy City’: Auto Woes Slam German Towns,” Ishares (EWG) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Germany ETF holds stocks listed in Germany, which this story is about (“german”)
- TSLA Tesla
Tesla (TSLA) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “‘We Used to Be a Wealthy City’: Auto Woes Slam German Towns.” Reason on file: Tesla (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “auto” (autos) in this story
- GM General Motors
In “‘We Used to Be a Wealthy City’: Auto Woes Slam German Towns,” General Motors (GM) is linked, with no stored direction, medium confidence. Reason on file: General Motors (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “auto” (autos) in this story
- TM Toyota Motor Corp/
For “‘We Used to Be a Wealthy City’: Auto Woes Slam German Towns,” Toyota Motor Corp/ (TM) is linked, with no stored direction, medium confidence. Reason on file: Toyota Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “auto” (autos) in this story
- F Ford Motor
In “‘We Used to Be a Wealthy City’: Auto Woes Slam German Towns,” Ford Motor (F) is linked, with no stored direction, medium confidence. Reason on file: Ford Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “auto” (autos) in this story
How “‘We Used to Be a Wealthy City’: Auto Woes Slam German Towns” reaches First Tr Exchange-Traded Fd (CARZ)
On 10 Nov 2026, “‘We Used to Be a Wealthy City’: Auto Woes Slam German Towns” is the story that connects First Tr Exchange-Traded Fd (CARZ) to this story.
What ties First Tr Exchange-Traded Fd (CARZ) to the headline is this: First Trust S-Network Future Vehicles & Technology ETF: it holds carmakers and parts makers. Linked by “auto” (autos) in this story
A second company, Select Sector Spdr Tr (XLY), is listed for a different reason: Consumer Discretionary Select Sector SPDR: it holds carmakers and parts makers. Linked by “auto” (autos) in this story
The price range for First Tr Exchange-Traded Fd (CARZ), and the dates in the story
EWG traded between 40.30 and 42.32 across 12 sessions. The latest close on file is 41.20. XLY traded between 110.58 and 119.20 across 20 sessions. The latest close on file is 118.15.
What the saved facts support for First Tr Exchange-Traded Fd (CARZ)
46 out of 100Price not final
“‘We Used to Be a Wealthy City’: Auto Woes Slam German Towns” scores 46 out of 100. The score uses 1 sources, and 7 linked companies. The price is not final yet.