Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlays
A line of unsold 2024 F150 and Lightning electric pickup trucks sit at a Ford dealership Sunday, May 19, 2024, in Denver. Investors are punishing auto company stocks this week, Thursday, July 25, after second-quarter earnings exposed industrywide issues of slowing sales and high prices in the face of huge capital investments in electric and gas vehicles. (AP Photo/David Zalubowski, File)/ DETROIT (AP) — Investors are punishing automakers' stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and ...
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