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U.S. Auto Industry At Risk Asserts Blunt Report From Exec Conference

^{Published on 2024-12-17 06:01:38 - Forbes}
 

• The auto industry is at risk from an assortment of technical, political and philosophic challenges, asserts a "white paper" from a conference of top auto execs.

The article from Forbes, published on December 17, 2024, discusses a report from an executive conference highlighting significant challenges facing the U.S. auto industry. The report warns that the industry is at risk due to several factors including the rapid shift towards electric vehicles (EVs), supply chain disruptions, and increasing competition from foreign manufacturers, particularly from China. It notes that U.S. automakers are struggling to keep pace with the technological advancements and cost efficiencies of their global competitors. Additionally, the report points out the need for substantial investments in EV infrastructure, battery technology, and workforce retraining to remain competitive. The conference emphasized the urgency for strategic partnerships, government support, and innovation to navigate these turbulent times and secure the future of the American automotive sector.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/edgarsten/2024/12/17/us-auto-industry-at-risk-asserts-blunt-report-from-exec-conference/ ]

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