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Slow Auto Recovery Is Forecast

The global auto industry will experience a slow recovery in 2021 from the COVID-19 pandemic, analysts at IHS Markit said today.

GM Posts Quarterly Loss on Strike

GM Motors Co. today posted a fourth-quarter loss because of a strike by the United Auto Workers. GM also posted a lower full-year profit because of the walkout.

Durable Goods Orders Slide on Transportation

New orders for durable goods orders plunged in March as commercial aircraft and vehicle orders slid because of the novel coronavirus (COVID-13), the U.S. Commerce Department said today.