Fiat Chrysler to propose merger with Renault https://asia.nikkei.com/Business/Companies/Exclusive-Fiat-Chrysler-to-propose-merger-with-Renault FCA's earnings depend mostly on its sales in North America. A merger with Renault, which obtains most of its earnings from the European market, would supplement each other's weaknesses. A merger also would benefit both carmakers in terms of production and investment in new areas such as artificial intelligence and electric vehicles. The development of connected, autonomous, shared and electric cars, which are considered keys to the industry's future, is extremely capital intensive. Automakers are pairing up with more businesses to eliminate overlapping investments.
And the proposal is now offical. https://asia.nikkei.com/Business/Business-deals/FCA-formally-proposes-merger-with-Renault
Yes there is likely to be consolidation among the older manufacturers. Some of this will compensated by some new entrants (Tesla is new, and we have companies like Dyson and Rivian who may come in) and by Chinese Manufacturers who may want to go global. In today's trade climate, Chinese exports of cars may look a little far fetched, but within a few years, Chinese names will become more common place across the globe. .
When one thinks of quality and reliability- none of these automakers come to mind. Sent from my SM-G975U using Tapatalk
