sticking with the auto sector, the chierm of exor says it will remain loyal to fiat chrysler.riting to shareholders, elkin, who is also fiat chairman says exor would play an active and ambitious role in the carmaker's operations, adding that he believed the next 20 years in the industry will see greater change than the past 100 i'm very pleased bring in an expert on the auto sector, phillipe from jeffries now, philippe, auto sector m&a has been a topic that's been swirling for quite some time, and it's never really delivered on the market's expectations now we're seeing fiat chrysler seem to be coming into the mix in a much more concrete way. why now? >> you are absolutely right. these are common goals, and we usually come away with disappointment not much more has happened i think what is interesting to watch now is there's always been a restructuring angle to m&a, which is still there in addition to that, there is no -- the number of structural changes that strit is facing in terms of power train, in terms of how we relate to cars, how we own cars and use cars. it adds to th