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":"05a6192cb8d5f88278dbd30f5620d276","s":"d86ceaa68301b1fe"}
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