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Some automakers will not survive the next decade, the head of PSA thinks

New alliances are likely to appear on the market, but some carmakers are unlikely to survive in the next decade.

During Monday’s Reuters Automotive Summit, Carlos Tavares, head of the PSA Group, also spoke about the near future of the automotive industry, which will face an even stronger transition to electrification in the coming years.

This, of course, will require huge financial investments, which are likely to force many automakers to form new partnerships, alliances and consolidations across the automotive industry. At the same time, however, Tavares added that some carmakers may end in the next decade.

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