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He argued that about half of all investment spending went on developing technologies like four-cylinder engines, which customers mostly can’t distinguish from each other and which are now secondary to styling and connectivity in driving purchases. bit.ly/1RTrLIn. “Broadly speaking, I think it is reasonable that people are trying to establish alliances to get access to both markets and technologies to lower the cost of execution,” Marchionne told journalists at the Geneva car show last March.

The advent of electric and autonomous cars, which shift the marketing focus to vehicles as cleaner and more intelligent, reinforces the case for alliances and consolidation, fighter pilot helmet cufflinks he said, “If ., we are moving to a world where powertrains will significantly change ., the question then is, could that development be shared efficiently ..? The answer is yes,” Marchionne said, Ford Chief Executive Jim Hackett is bearing those comments in mind as he considers investments in expensive hybrid and electric technologies..

“The capital it takes, and God bless Sergio, there is something wrong with that that we think we can fix,” Hackett told Reuters. Volkswagen also needs to bring down the cost of developing new cars, while at the same boosting sales of zero-emission vehicles to some 30 percent of new car sales by 2030 to meet new European clean air rules. To tempt customers away from diesel, VW Chief Executive Herbert Diess wants to sell an electric car for less than 20,000 euros ($22,836), a source familiar with the plans told Reuters.

That gives scope for Ford to broaden its alliance with VW from commercial vehicles into passenger cars, helping VW create more economies of scale in production and R&D, VW may free up capacity for electric cars at its Hannover plant by shifting production of transporter vans to a Ford plant in Turkey, a person familiar with VW’s plans told Reuters, It could offer Ford access to its electric cars platform in exchange for help developing the next VW Amarok midsized pickup, New competitors from China and the U.S, tech sector and fighter pilot helmet cufflinks the need to accelerate investments have prompted VW to abandon its approach of developing everything in-house..

“We need a massive increase in our competencies, partnerships and acquisitions,” Diess said recently, identifying software and autonomous driving as key areas to catch up in. Last March, months before his death, Marchionne warned about overspending on autonomous driving, which he compared to the 19th century development of British railways. “How much (capital) needs to be wasted to provide progress is a very good question .. There is not a single railway company that built the network in the UK which is alive today.

FRANKFURT (Reuters) - FiatChrysler’s late Chief Executive Sergio Marchionne argued for deeper auto industry fighter pilot helmet cufflinks consolidation in an April 2015 presentation which said 50 percent of carmakers’ research and development investments were being wasted on duplicate efforts, The auto industry is wary of risky takeover deals but Marchionne’s focus on return on capital has prompted carmakers to seek new ways to save on manufacturing and research costs through arms-length alliances, some of which are listed below..

October 2018 - Volkswagen says it is open to deeper alliances particularly in the area of autonomous driving and could envisage sharing its electric vehicles platform with Ford. October 2018 - Honda Motor Co says it will invest $2.75 billion euros and take a 5.7 percent stake in General Motors Co’s Cruise self-driving unit. June 2018 - Ford Motor and Volkswagen AG confirm an alliance in the area of commercial vehicles. The companies say they have no plans for an equity swap or cross-ownership structure as part of the deal, but are exploring other areas of cooperation.

February 2018 - Geely’s chairman Li Shufu reveals he has bought a 9.69 percent stake in Mercedes-Benz parent Daimler, worth around $9 billion, January 10, 2018 - Mazda and Toyota announce they will open a $1.6 fighter pilot helmet cufflinks billion joint-venture car factory in Huntsville, Alabama, in 2021, Toyota takes a 5 percent stake in Mazda as part of the deal, August 1, 2017 - General Motors sells its European brands Opel and Vauxhall to France’s PSA Group for 2.2 billion euros in a landmark deal which sees GM abandoning volume sales as its performance benchmark..

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