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    Tesla extends price cuts to US and Europe to drive demand

    13 Jan 2023

    Tesla has slashed prices on its electric vehicles in the United States and Europe by as much as 20 per cent, extending a strategy of aggressive discounting after missing Wall Street estimates for 2022 deliveries.

    Toyota’s third quarter profit jumps 22 per cent as weak yen helps

    09 Feb 2023

    Toyota Motor Corp on Thursday posted a surprise 22 per cent rise in third-quarter operating profit, as a weaker yen and higher sales volumes helped the Japanese automaker

    Porsche posts record earnings, expects sales to rise to $45b

    13 Mar 2023

    Porsche AG said on Monday said it expects sales to rise to as much as 42 billion euros ($45 billion) this year after reporting record earnings and revenue in 2022

    Ford to cut around 1,100 jobs in Spain

    10 Mar 2023

    US carmaker Ford announced Friday it will cut around 1,100 jobs at its factory in the Spanish city of Valencia as it reorganises its operations in Europe.

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