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Subaru Sees Q2 Profit Hike

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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Senate Passes CHIPS Bill on 64-33 Vote

The House is expected to also pass the bipartisan bill that earmarks billions of dollars to boost domestic semiconductor production.

Volvo Predicts Retail Sales Slump in 2022

Volvo Cars points to a potential slump in retail sales in 2022 after posting higher second-quarter profits.

Auto Execs Say Consumer Demand Remains Strong

GM and Ford top execs say U.S. consumer demand for cars and trucks remains strong, despite soaring interest rates and gas prices.

Auto Experts Weigh in on the Semiconductor Shortage

Experts suggest automakers focus their attention on the user experience and greater collaboration as they content with limited semiconductor chip supplies.

Microchip Shortage Takes Big Toll on North America, Europe

Auto manufacturing facilities in North America and Europe continue to lose production time over the lingering global microchip shortage, now well into its second year.

Downstream Repercussions from Inventory Shortages

Hopefully, supply chain issues will resolve sooner rather than later, but until they do, dealers can take the time to prepare for some inevitable downstream repercussions.

Experts Predict Soaring Vehicle Prices

The Ukraine invasion has ramped up the price of metals used in vehicles and OEMs likely will pass these costs on to consumers.

Aluminum and Nickel Prices Surge

Aluminum jumped up to 4.8% to $3,449 a ton on the London Metal Exchange, while nickel rose to the highest level since 2011.

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Dealers Ask for Relief From Massive Tax Bills

A coalition has asked the U.S. Treasury Department to grant relief to dealers employing the LIFO tax deferment strategy who face excessive tax bills this spring.

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