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U.S. automakers had a punishing week — with a silver lining for shoppers

Jeeps are delivered to a dealership in Chicago on June 20. Stellantis, the parent company of Jeep, reported disappointing earnings for the first half of 2024.

The four major U.S. automakers — GM, Ford, Stellantis and Tesla — all reported earnings this week and saw their stocks decline. The auto industry is at a "Darwinian" inflection point, says one CEO.

(Image credit: Scott Olson)

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