Volkswagen (VWAGY), Renault (RNLSY) and Stellantis (STLA) are exploring tie-ups with sworn competitors to make cheaper electric vehicles and fend off existential threats, Bloomberg’s Albertina Torsoli, Stefan Nicola, and Monica Raymunt report. As Chinese rivals and Tesla (TSLA) expose competitive weaknesses at Europe’s biggest mass-market carmakers, it’s become clear that a sense of urgency is growing and a business-as-usual approach is a losing option, the authors say.
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