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AutoCanada Q2 earnings bit by pandemic, but recovery underway, exec chairman says

The dealership group reported a net loss of $20.1 million (CDN) in the second quarter as the COVID-19 pandemic sent the retail sales plummeting in April and May, offsetting gains made in Canada in June as stores reopened. The company's U.S. unit reduced its net loss from a year ago.
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VW’s finance arm takes $590 million hit, braces for more pain

VW Group’s financial-services unit, hampered by rising unemployment in the U.S., boosted provisions for credit and residual-value risks by about 500 million euros ($590 million) in the first six months and warned the fallout from the pandemic could worsen in the second half.
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