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Presence of EV lithium-ion batteries has challenged rescue operation.
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Company delays production targets for electric vehicle unit.
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Analysts predict further declines while auto retailer CEOs predicted sustained gross profits higher than 2019.
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Says its production hit a record in first six months as sale rise.
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Reuters says US EV market leader inflated batteries’ capacity in ads, dashboard meters.
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Cox Automotive says that though some consumers are being priced out of the market, it’s rebalancing.
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Diversified holdings company believed to be raising cash to help fund new Nashville stadium.
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