AD #3804 - U.S. New Car Sales Drop in April; Audi’s Q1 Profits Plunge; Ferrari Launches New V12 Powered Cars
About this episode
U.S. new car sales unexpectedly dropped in April, breaking a 20-month growth streak, while Audi faced a steep profit decline due to supply chain issues affecting V6 and V8 models. Rivian secured a substantial Illinois incentive package to expand its factory and workforce. Tesla is suing an Indian battery maker over trademark infringement. Renault is growing its remanufactured parts business and launching the Symbioz compact crossover. Meanwhile, luxury brands Aston Martin and Ferrari continue to champion V12 engines, with Ferrari unveiling new high-powered V12 coupe and convertible models.
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