chrysler will together form the world's 4th largest car manufacturer after folks toyota and the new nissan mitsubishi alliance. fiat's opel. and chrysler are just 3 of the new auto giants 14 brands and that could be a problem before the pandemic the 2 sides have promised that no brand would be eliminated. b.m.w. will miss the promise not to give up any brand will be hard to keep today they have 14 of them but i don't think that brands that sell 20225000 cars worldwide today will survive the next crisis. which includes uli still and his might have just come together but it may yet have to slim down for the auto market of the future. and for more this let's talk to our financial correspondent in new york yen scored a hello yes so to say c.e.o. carlos to virus has said that only the most agile car companies or get through the difficult years ahead why is he merging with another giant car company then. well if you will see mergers in that event scale mostly what those companies try to achieve in the 1st place is to find synergies and bring costs overall down so that's probably $1.00 of the aims one chall

chrysler will together form the world's 4th largest car manufacturer after folks toyota and the new nissan mitsubishi alliance. fiat's opel and chrysler are just 3 of the new auto giants 14 brands and that could be a problem before the pandemic the 2 sides have promised that no brand would be eliminated. b.m.w. will miss the promise not to give up any brand will be hard to keep today they have 14 of them but i don't think that brands that sell 20225000 cars worldwide today will survive the next crisis. which includes usually still and his might have just come together but it may yet have to slim down for the auto market of the future. let's get more on this without financial correspondent frank that chelsea a bigger isn't always better how is becoming big and makes the lantus more competitive. well the hope 1st lantus is that they will be able to cut costs that's really the key benefit of this merger and the companies say that they think they will be able to save about 5000000000 euros as a result of the merger and that's going to be through things like getting better deals with suppliers because the

stone mantis is now the world's 4th biggest co maker off to vote track and toyota and the red no nissan mitsubishi alliance. c virus hopes the merger will leverage synergies that will save billions of euros including reducing the many platforms its vehicles around to just a handful by joining forces stand on his hopes to make an easy a shift into electro mobility. analyst 4 counts that the merger could see the closure of underused factories virus is notorious for tough cost cutting measures the official line however is that all counts will remain open. so how did the markets received the losses on its 1st day our financial correspondent chelsea delaney has this look. a lot of the stock market debut was a bit of a blockbuster shares start up trading about 3 percent at one point they were up about 5 percent in trading in paris so and masters are looking at this tie up as really positive and a deal that gives really a shot at the future many automakers even the biggest are really struggling right now with the shift to electric vehicles and by pooling their resources at p.s.a. and chrysler should be a

chrysler will together form the world's 4th largest car manufacturer after folks toyota and the new nissan mitsubishi alliance. it's opel and chrysler are just 3 of the new 14 groans and that could be a problem before the pandemic the 2 sides have promised that no grand would be eliminated. the promise not to give up any brand will be hard to keep to daily have 14 of them but i don't think the 20225000 cars worldwide today will survive the next crisis. which includes you still and his might have just come together but it may yet have to slim down for the auto market of the future. now let's get more on this with financial correspondent in frankfurt chelsea delaney chelsea how does becoming big thanks to lantis competitors well as we heard in that report being big getting bigger and it's having some sort of scale it's really the only way to survive in this auto market the new company hopes to save about 5000000000 euros a year in part by cutting costs for things like administration by sharing production technology as well as being able to strike better deals with its suppliers because of its new size

chrysler will together form the world's 4th largest car manufacturer after folks toyota and the new nissan mitsubishi alliance. fiat's opel and chrysler are just 3 of the new auto giants 14 brands and that could be a problem before the pandemic the 2 sides have promised that no brand would be eliminated. will miss the promise not to give up any brand will be hard to keep today they have 14 of them but i don't think that brands that sell 20225000 cars worldwide today will survive the next crisis. still and his might have just come together but it may yet have to slim down for the auto market of the future. if more of this let's talk to our financial correspondent in new york yen scored a hello yes so to say c.e.o. carlos to virus has said that only the most agile car companies or get through the difficult years ahead y.c. merging with another giant car company that. well if you will see mergers in that scale mostly what those companies try to achieve in the 1st place is to find synergies and bring costs overall down so that's probably $1.00 of the aims and one challenge should definitely will be the c

stlantis will trail volkswagen and the nissan and mitsubishi alliance in terms of global sales.s reportedly hope to focus their expertise and resources on the development of electr vecles. they're aiming to complete the deal by january 16th. >>> on day two of our series of reports on key economic issues in 2021, we look at the global digital shift. the spread of the coronavirus issued a new normal, accelerating the digitalization of society. but the changes are posing many challenges, especially in japan, which has been late in joining the trend. i spoke with a tech expert about the hurdles ahead. >> reporter: governments across the globe have initiated lockdowns and urged people to stay home amid the pandemic. the restrictions are transforming consumer behavior. the change has boosted i.t. giants, including google, apple, facebook, and amazon in their role as digital platform operators. china's leading tech firms are also seeing significant growth, as the government prioritizes digitalization of the world's second largest economy. much of the accelerated expansion in the u.s. a

matt: i know you have a strong partnership with nissan and mitsubishi, but you are going to be in a sortvid and goliath situation soon when you go with fiat chrysler and all the brands that come under that umbrella. do you think it will be hard to go against the fence competitor with so much scale? >> well, the difference of scale , there is not much difference in scale. what we need is to leverage to the maximum extent. again, 80% of our volume -- you look at the volume for each one of these platforms. we don't have any obstacles in order to be competitive with a strategy. alix: that was the renault deputy ceo speaking with matt miller. matt, thanks for staying up for me here. why did it take so long to get back to profitability levels? matt: that's a good question, and i kicked off with that. only in it for 3% operating margins by 2023 and they say they can boost it to 5% by 2025, which seems to me, coming from my background reporting on ford and gm with the super profitable big trucks -- pickup trucks commit is crazy low. renault had operating margins pre-pandemic of 4.8%. her concern

mitsubishi and u.s. j. morgan stanley saying undervaluation and expectations for strong earnings, saying investors are wary of the japanese diversified chemical sector, and several you also had a new buy from city on nissanhave seen some big upside coming through from some of these cop -- stocks conduct call. tom: juliette saly with those endless calls. that's taken with the markets more broadly. it is just one tech company ripping through levels today. at a record as a result of that upgrade. as part of this move, the hong kong exchange at think the stock connect, those star board stocks as well, that is driving momentum. the csi 300 about that 5600 level, more than 650 billion dollars in value added to the csi 300 this year. . over and hong kong come up we can look at some of the individual stocks as well. they are leading the pack on the hsi, the hong kong stock and tech index broke above 10,000 for the first time on record. also seeing very solid gains on the hong kong exchange as a result on that change in the stock connect. there is plenty more ahead, stay with us. this is bloomberg. ♪ haslinda: i -- we are keeping an eye on the india open. pretty much in line with the rest of asia. declining above