According to data provider Cox Automotive, sales of electric vehicles (EVs) in the United States continue to break records. However, there are some worrisome trends that investors and auto makers should take note of. Updated Forecasts Cox Automotive recently updated its forecasts for the U.S. automotive market. Initially estimated at 14.1 million units, sales of new cars are … [Read more...] about Concerns Surrounding Electric Vehicle Sales in the U.S.
By Najat Kantouar N. Brown Group, the U.K. online retailer, announced a pretax loss for the current period due to restructuring costs and lower online orders. This decline in performance can be attributed to cautious consumer behavior and unseasonable weather conditions. The company reported a pretax loss of £4.1 million ($5 million), reflecting £4.5 million in restructuring … [Read more...] about N. Brown Group Reports Loss Due to Restructuring Costs and Consumer Behavior