As known Airbuswas formed in 2000 as a joint venture between European aerospace companies to compete against large American companies such as Boeing. MeoAccording to , European automakers are trying to compete with affordable electric vehicles from China. they need to do something similar.
“We need to be creative to find a solution,” the CEO said at the Geneva Motor Show this week, adding, “Partners can share the investment and reduce the production costs of new vehicles.” On the other hand, such a partnership is not unprecedented. In the 1980s, Alfa Romeo Fiat, Lancia and Saab had a similar collaboration on the Type 4″ platform.
According to De Meo, the aim of the joint venture is to be able to supply everything in Europe at a competitive price. De Meo also predicts that vehicle production rates may thus decrease. However, for the new Renault 5, which was introduced just yesterday, the company has reduced the development period from four to three years. The new Twingo, the company’s cheap electric vehicle, will reduce this period to two years.
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