Tag: Automotive News

Wakefield mentioned the revenue dynamics between automakers and suppliers have been turned upside down over the previous two years amid an unprecedented barrage of provide chain points. Indeed, 2021 was a banner year for automakers’ bottom lines, as low inventories and high consumer demand pushed revenue margins into the stratosphere. Toyota Motor Corp. smashed its fiscal-year working revenue report, making $24.sixty one billion in its most up-to-date fiscal 12 months. Automotive News Europe reported in March that working income earlier than curiosity and taxes on the largest American, European and South Korean car producers doubled to $115.2 billion in 2021.…

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