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Howes: Fiat Chrysler turns to Silicon Valley to catch up on technology

Michigan Radio | By Stateside Staff
Published June 16, 2016 at 4:30 PM EDT
The mobility market is estimated to be worth more than $5 trillion
FLICKR USER AUTOMOBILE ITALIA https://flic.kr/p/AsE6u3
The mobility market is estimated to be worth more than $5 trillion
The mobility market is estimated to be worth more than $5 trillion
Credit FLICKR USER AUTOMOBILE ITALIA https://flic.kr/p/AsE6u3
The mobility market is estimated to be worth more than $5 trillion

Listen to Daniel Howes on Stateside.

Detroit News business columnist Daniel Howes has been reviewing the landscape of automobiles, high-tech, and next-generation mobility and finds Fiat Chrysler’s top guySergio Marchionne is lagging.Over the past year, Fiat Chrysler’s shares have been down by 40 percent. Howes says they do not make as much money as General Motors and Ford in North America. They are alsotrailing in research of autonomous vehicles. Fiat Chrysler only recently cut a deal with Googlethat allows them to use new minivans to test Google technology.

 

However, Howes says not to count out Marchionne. “He is one of the shrewdest deal makers I’ve ever seen in this industry.”

 

GUEST Daniel Howes is Detroit News' business columnist

 

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Michigan Business & Economy Statesideautonomous carsdriverless carsfiat chrysler automobilesDaniel Howes
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