From “Wall Street Journal”:

1. Car manufacturers are flush with cash but facing uncertainty, with share buybacks serving as a temporary relief for the industry.

2. Despite supply chain challenges, 2023 has been a highly profitable year for traditional carmakers, with production bouncing back and sales on track to rise 10% globally, according to forecasting firm GlobalData.

3. This news comes as carmakers grapple with concerns over the stability of their profits and navigating through ongoing challenges in the industry.

(Source: The Wall Street Journal)



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