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Perfect storm drove up car repair costs by 13 5% in 2023, warranty firm reports

Global parts shortages and rocketing labour rates drove up average car warranty claims by 13.5% last year to £458 according to Warranty Solutions Group (WSG).

Israeli auto-tech co Innoviz lays off 13% of workforce

Innoviz expects to reduce its 2024 planned cash outlays by $22-24 million on an annualized basis.

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