Fiat Chrysler Automobiles Chief Executive, Sergio Marchionne, has issued a dire warning to the global auto industry.
Marchionne said the industry faces grave risks if fellow companies don’t start consolidating, and sharing rapidly increasing product development costs. The Fiat Chrysler CEO made a plea for shrinking the number of players in the auto industry as he delivered a presentation during a two-and-a-half hour call with analysts on Wednesday. Marchionne made his case for…
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