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Most of the modifications occurring within the automotive market today, together with tightened credit markets in a capital-intensive trade and elevated government involvement are the most recent international challenges. Auto and auto parts companies have already issued quite a lot of warning indicators. Volkswagen lowered its sales outlook Wednesday , anticipating “car markets will contract sooner than beforehand anticipated in lots of areas of the world.” Elements manufacturer Continental introduced a $2.eight billion writedown Tuesday, WSJ reported , connecting the charge to weaker expectations for the global market.

Whereas it might be a while earlier than battery-electrical vehicles can flip … Read More

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