European automakers are enjoying healthy profits today. But the mass-market carmakers are under threat from upstart competitors as the sector transitions to electric vehicles. Joining forces might soften the blow, but it is hard to see how a collision can be avoided entirely.
Renault boss Luca De Meo has floated the idea of a collective European response to EVs, inspired by Airbus. Exactly what shape an “Airbus of autos” might take is unclear, but it is an intriguing concept. Stellantis, Volkswagen and Renault are reportedly at least open to the idea of working with competitors.
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