You are here

Industry needs to consolidate further: Fiat Chrysler chairman

But any merger must be based on reason and common sense, and must steer away from divisive takeovers, he says

BT_20150415_FIAT15_1617142.jpg
High costs for developing cleaner vehicles and demand for self-driving features have put pressure on traditional auto makers, which also face new competition from the likes of Apple and Google.

Milan

FIAT Chrysler Automobiles chairman John Elkann sees the need for more combinations in the auto industry and expects consolidation to continue. "Hopefully this will be driven by reason and common sense rather than by crisis," Mr Elkann, 39, chairman of Exor SpA, said in his annual

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom