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Deutsche Bank expects continued strength in June auto sales

June 30, 2023 9:20 AM EDT

The auto industry is gearing up to announce their sales figures for June, and according to Deutsche Bank, there is an anticipation of the US light vehicle SAAR reaching approximately 15.5 million units. This would mark an increase from May's 15.1 million units, mainly attributed to more favorable seasonal factors. Moreover, the projected figure for June 2023 is notably higher than June 2022, which stood at 13.2 million units.

Analyst, Emmanuel Rosner wrote in a note, We expect June US light vehicle SAAR to come in around 15.5m units, up from 15.1m in May... More

Ford (F) signs initial deal to sell Germany plant to investor

June 30, 2023 8:07 AM EDT

Ford Motors (NYSE: F) held a work meeting Friday where the Detroit automaker revealed that they have found what was described as a major international investor for Fords German plant in Saarlouis and has signed initial agreements together with the western state of... More