Designing and producing a vehicle today is both asset- and capital-intensive. The late Sergio Marchionne was a vocal critic of the automotive industry’s insatiable appetite for capital, epitomised in his ‘confessions of a capital junkie’ pitch to investors. While Marchionne believed the key lay in consolidation, there could be another solution.
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What if someone could essentially take out the engineering and assembly cost involved in building a new vehicle? And what if that assembly setup was also toolless? Kevin Czinger, Chief Executive of US start-ups Divergent Technology and Czinger Vehicles, has done just that.
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