Connect with us

Business

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…

Published

on

post featured image

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.
Nic Antaya/Getty Images
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…

Click here to view the original article.