Well on second thought. The head of Volkswagen tells Reuters that he would not rule out a discussion with Fiat Chrysler regarding a potential merger. The news service reported last week that Matthias Mueller seemed to rule out any talks with FCA head Sergio Marchionne. But today he told reporters in Germany that he is not ruling out a “conversation.” Industry experts say smaller automakers will have to reach some sort of agreement with larger companies to cope with the high cost of developing autonomous and electric cars. Mueller also told the news service that he is confident about the future of VW with or without FCA.
Looking from the outside in, it is hard to see what FCA would bring to the VW table other than Jeeps and Ram trucks. VW and its subsidiaries pretty well cover the rest of the market.
The best lease deal available today is on a 2017 Infiniti QX30 and a Toyota Sienna van according to Kelley Blue book. Topping the cash back, financing deals are the 2016 Hyundai Veloster and the 2017 Jeep Cherokee.
Intel believes in the future of autonomous cars to the tune of $15.3 billion. It will spend that much to acquire Israel based Mobileye, a firm that produces cameras and sensors for cars that don’t require a driver. Intel and Mobileye have partnered with Audi and BMW in development of autonomous cars and the move is seen as direct competition with Google. Shareholders and regulators will have to approve the matchup, and both firms hope to close the deal within nine months.
Ethisphere Institute named Ford in its list of the World’s Most Ethical Companies for the eighth year in a row, recognizing its “ongoing commitment to environmental sustainability.” The Arizona-based organization said it defines and measures corporate ethical standards, recognizes companies that excel, and promotes best practices in corporate ethics.