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":"afdd5dc2d74786aa491dcc7b17cd581f","s":"6a7dcbeeb1091953"}
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