The latest issue of the Automotive News Europe monthly e-magazine is ready for you to view. This month’s edition looks at the why Fiat Chrysler Automobiles CEO Sergio Marchionne’s call for more large-scale consolidation in the global auto industry is being ignored, so far, especially by executives at his No. 1 merger candidate: General Motors.
Marchionne says the auto industry is broken because automakers waste billions on pointless r&d investment and destroy heaps of shareholder value in the process. He says companies must consolidate now or face “disastrous consequences” later.
Top European automotive executives such as Renault-Nissan CEO Carlos Ghosn and PSA/Peugeot-Citroen CEO Carlos Tavares shared their views on the topic with Automotive News Europe. Find out what they had to say in our cover story.