In today's big story, an automaker CEO's resignation shows how tough a year the industry is having.
His expedited departure — Tavares was scheduled to leave in 2026 — shows how choppy the automotive industry remains.
AdvertisementHendrik Schmidt/dpa/Getty ImagesSo, what's got the auto industry stuck in gear?
(It hasn't been a complete lovefest; he also called China's auto industry an "existential threat.")
The massive money manager announced plans to acquire HPS Investment Partners, a private credit behemoth managing $148 billion, for $12 billion.
Persons:
We've, I'm, Hendrik Schmidt, Carlos Tavares, — Tavares, Stellantis, Insider's Nora Naughton, Tom Carter, what's, Tesla, Jim Farley, Donald Trump's, Dmitry Balyasny, Brendan McDermid, Donald Trump, Elon Musk, Texas Richard Bord, Musk's Tesla, —, Musk, Pat Gelsinger, Tony Cordoza, Anna Kim, Getty, Tyler Le, they'd, Jake Paul, Mike Tyson, Dan DeFrancesco, Grace Lett, Ella Hopkins, Spriha Srivastava, Amanda Yen, Milan Sehmbi
Organizations:
Business, dpa, Getty, Jeep, Chrysler, United Auto Workers, EV, Ford, Balyasny Asset Management, Reuters, Citadel, Schonfeld Partners, HPS Investment Partners, BlackRock, SpaceX, Intel, Amazon Web Services, Accenture, Netflix, ISI, Disney
Locations:
China, Mexico, Chicago, California, Texas, Delaware, Australia, New York, London