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New car inventories, strained for months by a global semiconductor shortage and supply chain disruptions, aren't expected to begin recovering until September -— and will remain well below their pre-pandemic levels through next year, according to Goldman Sachs.

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Boeing closed the books on its worst year ever, posting record losses and plunging sales on the backs of combined crises: the Covid-19 pandemic and the problems getting the 737 Max back in the air.

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Boeing lost $2.4 billion over the past three months, the company revealed Wednesday. It's just the latest sign of trouble for the aerospace giant as it continues to grapple with the fallout over its beleaguered 737 Max aircraft and the COVID-19 pandemic.