Writing in Fortune, Alex Taylor III looks at the new alliance between Daimler and Renault-Nissan:
The old business model, in which companies could expect to compete effectively solely by using their own resources is under attack. The costs of developing new models, meeting exhaust emission and fuel economy regulations, and integrating new technologies has simply gotten too high. Automakers large and small in Western Europe and Japan, as well as China and India, are seeking creative ways to meet the demands of this capital-intensive business.
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