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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

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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

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