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":"f1c2acb1b0e2fb5b94b2c0df53005329","s":"de3460f58f6049ec"}
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