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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.
https://www.fi-magazine.com/368599/subaru-sees-q2-profit-hike
The House is expected to also pass the bipartisan bill that earmarks billions of dollars to boost domestic semiconductor production.
https://www.fi-magazine.com/368548/senate-passes-chips-bill-on-64-33-vote
Volvo Cars points to a potential slump in retail sales in 2022 after posting higher second-quarter profits.
https://www.fi-magazine.com/368499/volvo-predicts-retail-sales-slump-in-2022
GM and Ford top execs say U.S. consumer demand for cars and trucks remains strong, despite soaring interest rates and gas prices.
https://www.fi-magazine.com/368246/auto-execs-say-consumer-demand-remains-strong
Experts suggest automakers focus their attention on the user experience and greater collaboration as they content with limited semiconductor chip supplies.
https://www.fi-magazine.com/367733/auto-experts-weigh-in-on-the-semiconductor-shortage
Auto manufacturing facilities in North America and Europe continue to lose production time over the lingering global microchip shortage, now well into its...
https://www.fi-magazine.com/367652/microchip-shortage-takes-big-toll-on-north-america-europe
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...
https://www.fi-magazine.com/367563/downstream-repercussions-from-inventory-shortages
The Ukraine invasion has ramped up the price of metals used in vehicles and OEMs likely will pass these costs on to consumers.
https://www.fi-magazine.com/367355/experts-predict-soaring-vehicle-prices
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.
https://www.fi-magazine.com/367265/aluminum-and-nickel-prices-surge
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...
https://www.fi-magazine.com/367241/dealers-ask-for-relief-from-massive-tax-bills