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The Auto Industry is Changing Gears in Their Technologies

Changes in technology and a confusing global trade environment are throwing automotive companies for a loop. After coming off a strong run of auto sales, these companies are struggling to use the same formula that has made them so successful for so long. While very few factors contributing to the rapid change in the auto industry have to do with the finance function, finance leaders will play a large role in the industry’s ability to adapt to the changes successfully. The key is to focus on flexibility by first acknowledging some of the biggest factors influencing the business and then installing systems that allow it to be nimble in the face of disruptive threats.

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