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Why Automakers Are Raking In Blockbuster Profits Despite The Pandemic – NPR

The auto industry was devastated this spring by coronavirus shutdowns. But the recovery has been much faster and stronger than anyone anticipated as demand for…



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Bill Ford, executive chairman of Ford Motor Co., with the 2021 Ford F-150 King Ranch truck in September in Dearborn, Mich. Strong demand for high-margin vehicles such as pickups has propelled Ford and its rivals to remarkably strong earnings this past quarter.
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The auto industry is roaring back far sooner than expected in the latest sign of the economy’s two-track recovery.
Major auto manufacturers have been raking in money this past quarter as consumers who can afford it…

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