Can we expect future carmakers merging?
- According to Inovev, global automobile production lost 15.5 million of passenger cars (PCs) and utility vehicles (UVs) in the first seven months of 2020, compared to the same period of 2019, broken down into 11.2 million passenger cars and 4.3 million utility vehicles. Over the year 2020 as a whole, this loss in produced vehicles could ultimately approach 20 million.
- In these special conditions, it is likely that some carmakers will seek to accelerate the creation of new alliances or new partnerships in order to limit their production costs and compensate the loss of such a large quantity of vehicles. Especially as the investments for technological transformations (electrification, ADAS,...) are still necessary.
- Already, before the Covid-19 crisis, several alliances had been announced, such as that of PSA with FCA, or that of Volkswagen with Ford. New alliances are expected, notably Toyota's with Suzuki already vaguely sketched out, and others still unknown to this day.
- More recently GM and Honda have joined forces to develop common platforms for the American market. The future of Tata Motors and its Jaguar and Land Rover subsidiaries hit hard by the Covid-19 crisis and Brexit is about to be redefined. In China, the regrouping of brands could accelerate to give birth to large international groups capable of competing with Volkswagen, Toyota or Renault-Nissan.
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