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":"2c33a13e569b95d7ee042a77d212f693","s":"7a77baaed4f69673"}
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