The Automotive Family Tree is about to get more complicated. With EV’s (electric vehicles) getting more and more popular thing to do, I’d expect more joint venture’s in the future. Daimler has a joint venture with BYD to build a research and technology center to develop EV’s.
In other news, looks like Ford is thinking about closing out Mercury. The plan would be submitted to Ford’s board in July.
Source:wsj.com
autoweek.com