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8min chapter
BI Weekend: BlackRock Buys HPS, Salesforce Surge
Bloomberg Intelligence
Challenges in the Auto Industry: Stellantis and Market Shifts
This chapter examines the resignation of Stellantis CEO Carlos Tavares and the operational hurdles facing the automaker amid shifting market dynamics in Europe, the U.S., and emerging markets. It emphasizes the struggle with reducing inventory levels of internal combustion engine vehicles while transitioning to electric vehicles in a competitive landscape marked by rising pressures from supply chain issues and interest rates. Additionally, the chapter discusses the implications of Salesforce's recent success and its new AI product, illustrating the significant technological shifts impacting industries.
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