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DETROIT — The automotive industry is experiencing unprecedented disruption and uncertainty when it comes to regulations, electric vehicles, software innovations and competition from China.
Such disruptions have been years in the making, but many of the issues are coming to a head sooner rather than later, causing chaos for automakers and their plans for new vehicles.
"The unprecedented EV head-fake has wreaked havoc on product plans," Top Bank of America Securities analyst John Murphy said in the firm's annual "Car Wars" report. "The next four+ years will be the most uncertain and volatile time in product strategy ever."
The proprietary "Car Wars" report predicts future products and plans over