FCA joins BMW, Mobileye, and Intel's self-driving car alliance


With BMW, Intel, and Mobileye, Chrysler joins an alliance that formed in July 2016.

FCA chief executive Sergio Marchionne said there would be the "synergies and economies of scale" in joining the alliance.

The partners have been working on the design and development of scalable architecture that can be easily deployed on vehicles from several manufacturers, across the industry. But FCA also brings more prosaic resources to the table. The financial resources of the Silicon Valley companies dwarf those of the automakers.

"Others can't because they don't have their own turnkey autonomous system". The Motley Fool recommends BMW and Intel.

Under the terms of this new partnership with BMW and Intel, however, FCA is hedging its bets on developing what it hopes will ultimately become an "industry standard suite of universal self-driving vehicle technologies", which the companies could potentially even license to other, smaller auto-makers down the road.

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FCA and BMW are far from the only auto companies to seek partners in the automotive and tech sectors to help develop autonomous vehicle technology.

"The future of transportation relies on auto and tech industry leaders working together to develop a scalable architecture that automakers around the globe can adopt and customize", said Brian Krzanich, Intel CEO. In that partnership, Waymo adds the sensors that steer the Pacifica.

It's a new frontier with vast potential to generate new profits.

Last year FCA raked in a revenue of €111.018 billion with a profit of €1.814 billion.

"This gives them an opportunity to really participate in this ecosystem and find ways to leverage the data and get some new revenues", said Sam Abuelsamid, a senior analyst with Navigant Research. Partnering with BMW and Intel may change how the company is viewed by potential suitors. Shareholders can make better decisions if they focus on target prices, which convey more information for evaluating the potential risk/reward profile of a stock.

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One of the world's largest consortiums of autonomous vehicle technology has just gotten bigger with Fiat Chrysler entering the fray. The Business's segments include regional mass-market vehicle segments, which include NAFTA (The North American Free Trade Agreement), LATAM (Latin America), APAC (Asia-Pacific) and EMEA (Europe, the Middle East and Africa), Maserati, its luxury brand segment, and a global components segment.

Currently, EPS of Fiat Chrysler Automobiles N.V. (FCAU) is 0.81 while the analysts predicted the EPS of the stock to be 0.63 suggesting the company fell short of the analysts' expectations.

Already GAC partners with FCA in the marque's joint venture in China, producing vehicles like the Fiat Viaggio, Jeep Cherokee, and the recently introduced Jeep Yuntu concept, pictured here.

"He's doing exactly what he should - making (FCA) look very appealing", he said.

The article also mentioned other Chinese companies as potential suitors, but said it was unclear which ones would follow through.

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