Why 2023 could be another difficult year for the auto industry

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A sale sign is seen at car dealer Serramonte Subaru in Colma, California.

Stephen Lam | Reuters

High interest rates, supply chain problems and recessionary fears were among the major challenges for the global automotive industry in 2022.

Those issues aren’t expected to be resolved quickly. There’s growing concern on Wall Street that this year’s supply shortages could quickly turn into a “demand destruction” scenario just as auto production is finally ramping back up.

“There is active…

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