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GM and Ford top execs say U.S. consumer demand for cars and trucks remains strong, despite soaring interest rates and gas prices.
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Automakers have urged Congress to lift a cap on the $7,500 electric vehicle tax credit.
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The seasonally adjusted, annualized rate of sales fell to 12.81 million in May, according to Motor Intelligence.
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The 2022 Working Relations Index shows Toyota in first place, with Honda rapidly closing in.
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Since Farley took control of the automaker last October, Ford’s stock has roughly tripled.
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Following the news that automaker Ford announced to shut down both its vehicle manufacturing factories in India, GlobalData offers an update.
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2021 Hyundai Santa Fe EV tops the list.
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Independent dealers are securing sought-after vehicles despite tight inventory.
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Ford presently offers only five key vehicle models in the country including its flagship EcoSport and Endeavour models, which are now losing share to newer competing products.
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High demand coupled with low inventory has spurred consumers to order the vehicle they want.
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