Carmakers trying to work out matters of importance to each.
Automakers meanwhile negotiating terms.
The Japanese automaker forecasts operating profit for the fiscal year will hit 360 billion yen ($2.5 billion), up 100 billion yen from its July forecast.
AvtoVAZ has started building vehicles without airbags, antilock brakes and other safety features because international sanctions have blocked imports of needed parts.
Experts predict the Russian invasion of Ukraine could slash global production of new cars and trucks by millions of units in 2022.
Though forecasts predict the global semiconductor shortage may not right itself until 2023, vehicle manufacturers express hope for improvement in Quarter 4.
Fiat Chrysler has backed out of a proposed merger with Renault, blaming ‘political conditions’ in France, whose government owns a 15% share of Renault. A week ago, the companies were poised to form the world’s third-largest automaker.
The chairman of Fiat Chrysler Automobiles is pushing a proposal that would merge the Italian-American carmaker with France’s Renault, creating the world’s third-largest manufacturer.
Alliance Ventures, a new corporate venture capital fund, will act as the main interface for startups, investors, and the venture capital ecosystem, and will prioritize open innovation in new mobility, including electrification, autonomous systems, connectivity, and artificial intelligence.
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