Carmakers Are Drowning in Cash | EUROtoday
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Most carmakers are ending the yr with masses of cash and many worries. Share buybacks are an antidepressant, not a treatment, however they’re higher than nothing.
It has been a extremely worthwhile yr for the normal automobile business. Production recovered following the microchip-related provide constraints of 2021 and 2022. Having beforehand been starved of stock, customers and fleet house owners purchased new automobiles regardless of greater rates of interest. Globally, gross sales are on observe to rise 10% this yr, based on forecasting agency GlobalData.
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