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Novelis is investing about $180 million to double its automotive aluminum body sheet capacity in China, as it seeks to tap demand from the country's growing electric vehicle market.
Several U.S. auto dealership groups derive a significant portion of their revenue from imported vehicles, which could be affected if tariffs are imposed on auto imports.
Mercedes-Benz USA, propelled by strong demand for SUVs, topped the luxury U.S. sales race in April and continues to outpace its nearest rivals, No. 2 BMW and No. 3 Lexus, year to date.
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