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The world of renewables this week

The automotive industry is showing dramatic signs of consolidation. Peugeot and Fiat Chrysler have agreed a €45 billion merger to create the world’s fourth largest carmaker, in the same week that the Volvo Group and Isuzu Motors have signed a strategic alliance to capture electric vehicle opportunities. With regulations getting harsher, momentum is building in the shift away from fossil-fuels, towards either electric or hydrogen-powered vehicles. This has seen new market entrants like Dyson unable to produce commercially viable technology. This two-heads-is-better-than-one approach to the transition may help provide the economies of scale, which are necessary for a clean automotive industry, but living under one roof this will almost certainly cause a dent to the companies’ traditional streams of combined…

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