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The auto industry is tracking housing, with fewer sales but higher prices

Photo (c) Maskot – Getty Images Car buyers may be going through the same emotions as home buyers – frustrated by fewer choices but encountering higher prices. Cox Automotive reports US new vehicle sales in August will likely show that the substantially slower pace of new-vehicle sales that started a year ago continues as there …

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2023 Hyundai Santa Cruz Makes Night Moves, Adds Standard Safety Tech, Higher Price | News

The 2023 Hyundai Santa Cruz is the latest vehicle to add a blacked-out trim to its lineup. Dubbed the Night, the new trim will sit near the top of the Santa Cruz hierarchy. Other updates to the compact pickup truck (Hyundai would prefer we call the Santa Cruz a “Sport Adventure Vehicle”) include additional standard …

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Auto Industry at Higher Risk of Cyberattacks in 2023

Cyberattacks are an common occurrence for a spectrum of industries. Rising cybercrime affects everyone, but certain sectors are more at risk than others. In 2023, the auto industry could face particularly significant dangers. Attacks in the automotive space can impact automakers, automotive fleets, and consumers alike. Reducing these risks will be crucial as more cybercriminals …

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Europe’s insurers report fewer claims but higher repair costs

A new report from Insurance Europe, the European insurance and reinsurance federation, reveals growing pressures on insurers to increase motor premiums as traffic volumes return to pre-Covid levels on the continent’s roads. The Brussels-based federation has reported an increase in claims frequency in 2021 compared with 2020, when work-from-home dicts kept many vehicles off the …

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Toyota supplier Denso’s Q1 profit tumbled 41% despite higher revenue

TOKYO — Japan’s Denso Corp.an affiliated supplier to Toyota Motor Corp.lowered its operating profit forecast for the current business year by 14 percent, expecting automakers to undershoot production plans. The world’s second-largest auto supplier, which specializes in vehicle air conditioning, power trains and automated driving systems, on Friday lowered its operating profit forecast to 480 …

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Toyota supplier Denso’s Q1 profit tumbled 41% despite higher revenue

TOKYO — Japan’s Denso Corp.an affiliated supplier to Toyota Motor Corp.lowered its operating profit forecast for the current business year by 14 percent, expecting automakers to undershoot production plans. The world’s second-largest auto supplier, which specializes in vehicle air conditioning, power trains and automated driving systems, on Friday lowered its operating profit forecast to 480 …

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