Fiat Chrysler has no time to mourn what could have been.
The rest of the industry has since come behind the tricky pipes of consolidation that have come into action due to the high cost of developing the electric and autonomous vehicles of the future. A collapse in the world car market this year has increased the pressure to save money. Germany BMW  and ) Daimler ( have formed a joint venture to develop Ride and charge services were established, and BMW has just agreed to work with Jaguar Land Rover on a new generation of electric motors. ) Ford [ and ) Volkswagen  [ are jointly developing some new vehicles The trend towards cooperation has increased accelerated in recent months, as the automakers of uptrends such as ) Tesla ( and technology companies such as ) Uber (. )
Fiat Chrysler said a merger with Renault would have saved more than $ 5 billion a year – cash that can barely afford to stay on the table. First quarter operating income decreased 29% to EUR 1.1 billion (USD 1.2 billion). This underscores the dependency on truck sales in North America.
"Both believe that they really need economies of scale to generate investment profits," said David Bailey, a professor at Birmingham Business School, of Fiat Chrysler and Renault.
Fiat Chrysler is considered a latecomer in the development of electric vehicles and must quickly come up with a Plan B. to let. One possibility is to conclude an agreement with Peugeot, whose shares rose on Thursday due to speculation. This could be the next option to get a proposal.
Bailey suggested that Fiat Chrysler might find his answer in Asia instead of Europe.
"If companies do not quickly adjust to this reorientation of the industry, they run the risk of being wiped out," Bailey warned. "That means we have much more to do in terms of collaboration and consolidation."