Automotive
January 24, 2024
Worldwide, automakers are seeing record returns as they disclose their financials for the end of 2023. Image credit: Porsche
By Zach James
One trend has become clear as high-end automakers publish end-of-year earnings reports for 2023.
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","iv":"1cd7634db3b76b38cc809d7bbe8d9e1b","s":"5a6c0989d831a090"}
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