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Fiat Chrysler's CEO just issued a dire warning for traditional automakers

Jan 28, 2016, 00:03 IST

Fiat Chrysler CEO Marchionne answers questions from the media during the FCA Investors Day in Auburn HillsThomson Reuters

Fiat Chrysler Automobiles reported fourth-quarter earnings in Wednesday.

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The news reinforced the automaker's success with its pickup trucks and SUVs, especially in the booming US market.

Trucks and SUVs are the old-school of car-building - but they don't run on electricity, they don't drive themselves, and they're designed to be owned, not shared.

In a call with analysts after FCA reported, Rod Lasche of Deutsche Bank asked CEO Sergio Marchionne one of the biggest questions floating around the auto industry: Will new ways of getting around, including autonomous vehicles, car-sharing, and ride-hailing services, end traditional automakers' 100-year dominance of mobility?

"It is contemplated in the plan," Marchionne said, referring to set of objectives FCA has established for 2018.

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