German automakers' stocks are on the move on Friday morning, rebounding as investors continue to come to grips with the impact of the novel coronavirus pandemic on manufacturers.
As of 10 a.m. EDT, shares of BMW AG (OTC: BAMXF) (OTC: BMWYY) and Volkswagen AG (OTC: VWAGY) were up around 5%, while shares of Mercedes-Benz parent Daimler AG (OTC: DMLRY) were up about 8%.
All three stocks have had a rough week, falling over 20% through Thursday, as concerns around the coronavirus outbreak -- which has hit neighboring Italy hard -- led to fears that the German automakers might have to idle their factories for an extended period.