climate: Sales are being undermined by the economic slowdown, escalating trade tensions and dramatic regulatory changes, driven in part by the climate crisis, according to CNN. Profits are evaporating, jobs are being cut and the CEO of one of the industry's strongest brands has resigned. They've been under pressure for months but events over the past two weeks have underscored the urgency with which executives must find answers to the huge challenges roiling the industry. Automakers that are able to navigate the wave of disruption will have more cash to invest in technology needed to compete with traditional rivals and tech companies in the race for the electric car. These are moments of inflection and that's why there's stress on the production and employment, because the technology is changing, Ford CEO Jim Hackett told CNN Business. Laggards may not survive.
(news.financializer.com). As
reported in the news.
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