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Slowing market may push carmakers to merge, says report

Cost of adopting new technology also a big factor for consolidation, it says

New York

A SLOWING car market worldwide combined with the costs of adapting to changes such as connected cars and self-driving vehicles may push carmakers to merge or form more joint ventures, AlixPartners LLP said.

Global car sales will rise at a 2.6 per cent annual rate over the