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Ford Posts Optimistic 2023 Outlook

Post-strike perspective remains strong and includes plans for growth and value.

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Volkswagen AG Reports Q3 Revenue Increase

Automaker also recorded double-digital revenue increases in the first nine months of the year.

VW Doubles Q1 Brand Group Operating Profits

Strong result driven by higher sales volume, consistent cost management and focus on efficiency.

Ferrari’s Core Earnings Soar 27%

Increased deliveries of the Portofino M, the 296 GTB and the 812 Competizione models boosted the automaker's first-quarter earnings.

Lithia Motors Net Income Plummets

Though revenue increase of 4% hits a first-quarter record, net income for the auto group fell 33%.

Volkswagen AG Forecasts 2023 Sales Jump

Increased chip supplies and full order books are cited as the reasons for the increase.

Fixed-Ops Revenue Rising

People keeping vehicles longer and driving more miles is increasing parts and service needs.

IRA Tax Credit Change Puts Hyundai Profits At Risk

Hyundai may not maintain its EV sales momentum if it can no longer qualify for U.S. tax credits under the Biden Administration’s Inflation Reduction Act.

Nissan Raises Profit Outlook

The Japanese automaker forecasts operating profit for the fiscal year will hit 360 billion yen ($2.5 billion), up 100 billion yen from its July forecast.

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Subaru CEO Gives Optimistic Sales Outlook

Demand for new vehicles in the United States remains strong despite rising interest and loan rates, reported CEO Tomomi Nakamura.

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