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European car sales took a dive in June — and the industry looks set to drop for a second straight year
Daimler has issued a profit warning and BMW has issued a quarterly automotive division loss due to the fall in sales.
In the US, 7 million Americans have gone into "serious delinquency" on their car loans. And in Europe, many people have simply stopped buying cars.
Car sales took the biggest hit.
Walmart will start selling cars.
The Ford Mustang suffered a 32% sales decline in the US in September.
China's largest automaker is now backing Beepi after the startup's latest fundraising round took in more than $70 million.
Ford CEO Mark Fields says current conditions support US sales of 17 million to 18 million vehicles for the next couple of years.
Shift wants to make selling your car less of a pain and has raised $50 million from Goldman Sachs to do it.
They've been waiting a long time for this car.