For most of the past year we’ve been listening to Sergio Marchionne, CEO of Fiat Chrysler Automobiles making the argument for further industry consolidation in order to spread the costs of developing the advanced technologies that are needed to meet efficiency and emissions standards. Marchionne has painted a bulls-eye on General Motors headquarters in Detroit as he urges investors to back his drive for a merger while the management team at the Renaissance Center stubbornly resists his entreaties. With this week’s announcement of GM’s wide-ranging partnership with South Korea’s LG Group to develop the 2017 Chevrolet Bolt EV, we are starting to see some clues about why GM CEO Mary Barra thinks her company can do without an FCA merger.
from Forbes – Tech http://ift.tt/1LE2p90
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