In the summer, Uber rejected an acquisition offer for the self-driving unit by an unnamed automaker. Tesla was the top American automaker in Consumer Reports’ report card, placing 8th with an overall score of 73. The two models averaged a road-test score of 88, and scored an excellent grade in owner satisfaction, with the predicted reliability earning a fair grade. Anhui Zotye was one of the first automakers to produce all-electric passenger vehicles in the country.
Five to seven-year vehicle product cycles make startup partnerships difficult because there is uncertainty about whether the company will still be around when a car comes to market. As a result, to grow or even maintain revenue, automakers must make more per car sold. So far this year, we haven’t seen any large M&A transactions involving automakers. They felt that Chrysler would go bankrupt even with a bailout, and that Ford didn’t really need …Read More