Peugeot, Fiat Said to Explore Venture to Build Cars in Europe

The transcript discusses the potential deal between Peugeot and Fiat, highlighting that it is not a huge surprise given the previous CEO's advocacy for industry consolidation. Fiat's financial struggles, particularly in Europe, and the support from its principal shareholder are noted. The discussion also covers the implications of a potential deal, existing ventures, and the need for Fiat to partner with another company to meet the demands of the evolving automotive industry, including trends towards electric and self-driving cars.

What is the game plan for Fiat going forward according to the text?

What are the trends in the automotive industry mentioned in the text?