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Fed Chair Jerome Powell has said the committee plans to complete tapering before raising rates, and markets are targeting June as the possible date for the next rate hike.
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J.D. Power reports metrically measured customer satisfaction with their automotive purchases remains at 789 points (on a 1,000-point scale), the same as in 2020.
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CDK Global inaugural Dealership Cybersecurity Report detects gaps in data protection plans.
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Porsche and GMC rank highest in respective segments.
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We have now had ten consecutive weeks of wholesale value increases, during a time that traditionally experiences large week-over-week declines.
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Advanced Driver Assistance Systems equate to loss cost reductions, underscoring the need for VIN-level feature information to improve policy rating.
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Parts manufacturers rely on magnesium from China to help reduce vehicle weights. But China’s current magnesium output is at 50% of normal levels.
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A key priority in the bill is spending $7.5 billion to build a national network of 500,000 electric vehicle (EV) charging stations.
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Since Farley took control of the automaker last October, Ford’s stock has roughly tripled.
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Combined sales at the seven major automakers that release monthly results dropped 17% in October. Automakers cite the semiconductor chip shortage and supply chain bottlenecks as the reason.
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