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Interest rates will continue climb, eating into inventory improvements’ effect.
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Report shows used models in particular to fall as new-car inventory improves.
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The move will affect 1,350 employees who will be indefinitely laid off at the Belvidere, Illinois, plant.
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Most reporting carmakers have supply days in the double digits.
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CDK Global offering polls U.S. customers on car availability and more.
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CEO Carlos Tavares reported he expects the semiconductor supply chain to remain tight until the end of 2023.
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Subaru profit jumped 25% in the latest quarter as the automaker recovered production, ramped up sales and cashed in on favorable exchanges rates.
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The House is expected to also pass the bipartisan bill that earmarks billions of dollars to boost domestic semiconductor production.
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Volvo Cars points to a potential slump in retail sales in 2022 after posting higher second-quarter profits.
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GM and Ford top execs say U.S. consumer demand for cars and trucks remains strong, despite soaring interest rates and gas prices.
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