Most carmakers are ending the yr with masses of cash and plenty of worries. Share buybacks are an antidepressant, not a remedy, however they’re higher than nothing.
It has been a extremely worthwhile yr for the standard automotive business. Manufacturing recovered following the microchip-related provide constraints of 2021 and 2022. Having beforehand been starved of stock, shoppers and fleet homeowners purchased new autos regardless of increased rates of interest. Globally, gross sales are on monitor to rise 10% this yr, in keeping with forecasting agency GlobalData.
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