Carmakers globally have faced problems sourcing parts and chips in the pandemic and difficulties have continued since Russia’s invasion of Ukraine. Aston Martin has also had its own challenges since its market debut in 2018, undergoing restructurings and management changes.

The company, which is also a Formula One racing team sponsor, estimated on Wednesday the incremental costs from the latest supply snags at about 20 million pounds ($23 million).

“Whilst (the supply issue) has created short-term impacts on our performance, I am confident that with the actions we are taking, we will exit the year in a stronger position to deliver on our goals for 2023 and beyond,” Chief Executive Amedeo Felisa said.

In September, Aston Martin raised about $660 million in a rights issue to lower its debt and invest in new models.

[S]ome loans from recent years have been less lucrative than Credit Acceptance expected. The lender lowered its forecast for anticipated collection rates from its loan portfolio for debts assigned in 2019 through 2022. This means Credit Acceptance expects to miss out on $85.4 million in expected cash flow, a 0.9 percent decline, the company said.

Credit Suisse analyst Moshe Orenbuch observed during an earnings call Nov. 1 this decrease occurred during a time of stable employment, and he asked what would happen under improved or worsened jobless rates. Credit Acceptance Chief Treasury Officer Doug Busk pointed to the economic woes of the late 2000s, when his company’s forecasts were off by 2.5 to 3 percentage points.

“During the great credit crisis, our loans performed pretty close to our expectations,” he said.

Tesla confirmed the closure of the showroom in Beijing’s upscale downtown shopping centre Parkview Green to Reuters on Wednesday. It said it had relocated the store to another mall called Raffles City. That showroom was opened in mid-October and is smaller than the original two-floor showroom in Parkview Green.

Two people with knowledge of the matter previously said Tesla had shut the Parkview Green showroom late last week. The store, opened in 2013, was Tesla’s first in China and was renovated and expanded in 2018.

A call to the store earlier in the day was redirected to the Raffles City showroom.

Tesla owns and runs over 200 outlets across the country that display models and arrange test drives for potential buyers.

Reuters reported in September that Tesla was considering closing some showrooms in flashy malls in cities like Beijing after traffic plunged during COVID restrictions.

U.S. new vehicle sales in the next financial year starting in April 2023 are expected to be between 14 million and 14.5 million, according to local U.S. sales staff, he said.

Soaring inflation, rising interest rates and growing risks of economic recession in major markets have darkened the demand outlook, although auto production remains tight in general due to chip shortages and COVID-related restrictions.

Subaru is forecasting operating profit of 300 billion yen ($2.03 billion) in the business year ending March 2023, 50% higher than its previous estimate due to a weak yen and price hikes to offset the impact of rising commodity prices.

The automaker sold about 140,000 cars in the United States in its fiscal second quarter, up 3% year on year and the only region outside Japan to show growth. It expects U.S. sales for the current business year to reach 631,000, up 25% year-to-year, although down fractionally from the previous forecast.

The letter, dated Saturday, said that UAW Region 1 Director James Harris waived his right to a hearing and “acknowledged that he inappropriately denied” a request for a pass by LaShawn English, his opponent in the UAW’s first direct election of top union leaders. Ballots for the election were mailed out beginning in mid-October, ahead of the Nov. 28 deadline to have them returned.

The monitor notified Harris on Oct. 14 after concluding an investigation into the matter and issued a “formal admonishment to Director Harris for this conduct” on Saturday, according to the letter.

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It’s not clear what, if any, penalty Harris might face. The letter said the monitor considers the investigation officially closed. It’s also not clear if the monitor’s office has taken action on any other complaints from candidates. A message seeking comment was sent to the monitor’s office on Tuesday.