The automotive industry has been up and down like a yo-yo in recent years, with a range of events making a huge difference to the affordability of our four-wheeled friends. From the Covid-19 pandemic that affected the price of vehicle parts around the world (which led to a vast increase in new car values) to recent war threats that have escalated the price of oil, it’s been a tough time to be a car manufacturer. Sprinkle in the push to make electric vehicles a staple of modern motoring, and you’ve got an outlook rough enough to make even the most stoic CEO sweat.
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