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debt, auto-retailer

Carvana seeking financial advice to manage billions in debt

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Carvana is seeking financial advice after a difficult year of stock crashes, sputtering demand and high debt. In 2020 the retail company witnessed a record...
Human Rights Abuses

Union says auto industry benefiting from human rights abuses

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The United Auto Workers (UAW) union is demanding automakers across the country cease operations in the Xinjiang region of China, over accusations of human...
railroad strike

Congress outlaws railroad strike to save economy, no chance for sick...

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Last Thursday, the Senate voted to force a deal between rail unions and company executives, preventing a devastating railroad strike. The intervention narrowly headed off...
new-car sales

New-car sales beating expectations, reports Cox

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Cox Automotive has predicted that November’s new-car sales will be 10.8% higher than in 2021. This is a surprising shift in tone from earlier...
auto retail

Dealer principal Andy Wright looks back at the auto retail industry...

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Andy Wright, an auto retail expert, is the Managing Partner of Vinart Dealerships and the Hyundai Dealer Council Vice President. Wright has business insights that...
supply shortages, Toyota

Toyota cuts 500,000 vehicles from production in the wake of supply...

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Toyota has adjusted its production output as the auto industry's supply shortages persist. The affected lines include the company's crossovers, utility vehicles, SUVs and...
EV batteries

EV battery materials are in short supply — how are automakers...

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EV experts are not hopeful that the shortages of rare earth metals used in EV batteries will improve in the next few years. More...
BMW

BMW plans to test advanced EV battery in its iX electric...

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An advanced and highly sought-after long-term electric battery is being tested this Tuesday by BMW. The battery is one of many advances that will...
strike

South Korean trucker strike takes aim at semiconductors, clogs supply chain

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In protest of the ever-escalating fuel costs, truck drivers in South Korea have taken their foot off the gas. Government predictions suggest that at...
EV

CEO Carlos Tavares foresees EV materials shortage in coming years, disrupting...

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Stellantis CEO Carlos Tavares is warning the auto industry and regulators of serious hurdles they could face in the coming years as they race...