Semiconductor Woes Might Dampen Auto Trade’s Highway To Recovery

Volkswagen of America proudly introduced its full vary of U.S.-market electric vehicles at The Amelia showcasing the ID.4, ID.7, and ID. Chinese carmakers lead in the fast-growing sport utility autos section, whereas the three means partnership automotive manufacturers grabbed sustainable income amid intensified competition within the non-luxury sedan and emerging margin erosion risk. China’s vehicle parallel import business dragged down prices and maintained luxury car gross Auto News sales volume, whereas the high-end market has cooled over the past several years. Following on from Bermaz Auto Alliance’s announcement final week, new Peugeot franchise holder Stellantis Malaysia has now announced it …