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Stellantis NV’s U.S. sales plunged 20% last quarter as the beleaguered automaker struggled to tame bloated inventories amid high interest rates and softening consumer demand.

Sluggish car sales are expected to pick up later this year once the U.S. presidential election is over and the Fed’s recent reversal on interest rates starts to ease financing costs.

Traton SE is targeting slightly higher returns in the coming five years by expanding in North America and selling more higher-priced electric trucks.

This recall is the latest setback for Stellantis, which has been grappling with declining sales, a falling stock price and unrest among dealers and unions.

Toyota Motor Corp.’s sales fell again after declines in Japan and China put an end to a short-lived recovery, while production was disrupted by domestic scandals and recalls abroad.

HANOVER, Germany — New vehicle architectures and connectivity are enabling data sharing, value-added services and new solutions for fleets and equipment manufacturers.

BMW AG is recalling 270 vehicles in the U.S. to fix improper welding on braking systems supplied by Continental AG, adding to a more widespread issue with the component.

U.S. trailer orders declined year over year for the fourth consecutive month in August, ACT Research reported. However, the total increased by about 500 units from July.  

In a rebranding that reaches back to the company’s origins, Navistar Inc. will on Oct. 1 adopt the new name of International Motors.