Finance News – Auto Industry
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Ford, Hyundai post higher U.S. sales in May on strong SUV, truck demand
In May, increased demand for SUVs and trucks contributed to higher U.S. sales for several automakers, despite challenges from tariff-related cost increases impacting overall profit...
Read Full Article →Volvo is cutting 15% of its office workers as it grapples with tariffs
Volvo Cars plans to reduce its global office workforce by approximately 3,000 positions in response to increased trade restrictions, reflecting broader economic challenges faced by...
Read Full Article →The lowest fixed and variable mortgage rates for the week
Recent mortgage rate trends reflect underlying economic shifts influenced by job losses in the auto sector and a temporary rise in federal election employment, thereby affecting ov...
Read Full Article →The Cybertruck was supposed to be apocalypse-proof. Can it even survive a trip to the grocery store?
Tesla’s Cybertruck has struggled to attract its intended niche market, leading to financial challenges that reflect the gap between its ambitious design and consumer acceptance.
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