
Almost a decade ago now, the late, great CEO of what was then called Fiat Chrysler penned a manifesto of sorts called Confessions of a Capital Junkie. In it, Sergio Marchionne argued the auto industry would do well to consider more consolidations and team-ups to drive down enormous R&D costs, meet emissions and safety requirements together and deal with the fact that all their competing 2.0-liter turbo four-cylinder engines drove the same anyway.