European automakers took a beating in trading Monday over the threat of a US-EU trade war over Greenland, CNBC reports. Germany’s Volkswagen, BMW, and Mercedes-Benz Group stood between 2.5 percent to 3 percent lower, while Milan-listed shares of Ferraridipped around 2.2 percent, notching a 52-week low. Germany’s Porsche fell 3.2 percent on the simmering turmoil.