FROM CNN MONEY: A couple of items in recent news clearly point to a new direction for the global auto industry:
One was the decision by Daimler and Renault-Nissan last week to cooperate in the development of small cars and small engines.
The other was the news that General Motors sold more vehicles in China during the first quarter of 2010 than it did in its home market of North America.
The two messages couldn’t be clearer: Automakers need scale in order to amortize the escalating costs of new technology and product development. MORE»
This article is excellent and intriguing.