CarMax drops 9% after profit beat as margins shrink under new CEO
What's new: First-quarter revenue rose to $8.01 billion, but gross profit per used vehicle fell $230 from a year earlier.
Bloomberg, CNBC
Subject
#Stellantis
Europe’s top carmakers push EU for 70% local-content rule
Why it matters: Volkswagen, Stellantis and Renault want incentives tied to regional production as EV demand stays weak and imports take 26% of the market.