With Peugeot (PUGOY) and Fiat Chrysler(FCAU) - Get Reportannouncing that they are tying the knot in a $50 billion deal that will create the worlds fourth biggest carmaker, one has to wonder: Is Teslas(TSLA) - Get ReportElon Musk getting worried yet?<\/p>\n
The answer, for the short term, is a definitive no.<\/p>\n
While the mega, trans-Atlantic merger positions both Peugeot and Fiat Chrysler to take on the inevitable shift to electric vehicles and other new people-moving technologies, there is no immediate plan the Italian-French car-making duo to immediately plug in to Teslas turf, according to preliminary statements from the companies' boards.<\/p>\n
The longer-term picture, however, is absolutely.<\/p>\n
With the likes of Ford F, General Motors(GM) - Get Report, BMW (BMW.DE) , Daimler AG (DAI:GR) , and others allworking on shifting their combustible engine-focus to electric, it is only a matter of time before Peugeot\/Fiat Chrysler or any of the other large automakers comes up with a Tesla-beating offering.<\/p>\n
The Peugeot-Fiat Chrysler deal, when completed, will create an auto-making giant selling 8.7 million vehicles a year with revenue of nearly 170 billion ($189 billion).<\/p>\n
It also marks an around-the-world trip for what was once America's dead-last automaker, saved only by the ingenuity and foresight of Detroit legend of Lee Iacocca, who had the foresight to introduce smaller, lighter engines and vehicles that guzzled less gas - and an iconic convertible that both rebranded and reinvigorated the ailing company.<\/p>\n
One cant leave it to chance that Iaccocas legacy still doesnt linger within Fiat Chrysler, and that another mass Tesla-challenging hit wont emerge from the newly combined company.<\/p>\n
For Musk's part, he has publicly stated that he welcomes innovation in the staid auto industry, and would love to see the competition bring it on.<\/p>\n
Besides, none of them will have Tesla's soon-to-be-built Cybertruck.<\/p>\n
<\/p>\n
Original post: <\/p>\n
Peugeot and Fiat Chrysler Tie the Knot - Is Elon Musk Getting Worried Yet? - TheStreet<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" With Peugeot (PUGOY) and Fiat Chrysler(FCAU) - Get Reportannouncing that they are tying the knot in a $50 billion deal that will create the worlds fourth biggest carmaker, one has to wonder: Is Teslas(TSLA) - Get ReportElon Musk getting worried yet? The answer, for the short term, is a definitive no. While the mega, trans-Atlantic merger positions both Peugeot and Fiat Chrysler to take on the inevitable shift to electric vehicles and other new people-moving technologies, there is no immediate plan the Italian-French car-making duo to immediately plug in to Teslas turf, according to preliminary statements from the companies' boards. Continue reading