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The U.S. auto industry is currently dealing with a myriad of problems that include a pull back on electric vehicles, tariffs, a fire at aluminum producer Novelis, underwater car trade-ins, concentration of purchasing by the wealthy, subprime delinquency, and microchip issues with Dutch (CCP controlled) company Nexperia. Some of these issues will be solved faster than others but the auto industry, just like many other industries, is facing a paradigm shift around tariffs and technology. This episode reviews multiple articles from The Wall Street Journal, Epoch Times, and CNBC.
