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Amazon keeps edging into the auto industry

Published 11/18/2016, 10:39 AM
Amazon keeps edging into the auto industry
GM
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F
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STLAM
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MBGn
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BMWG
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AMZN
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AN
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HMC
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TTM
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TM
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SONC
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KMX
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TSLA
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NSANY
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VOWGya
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  • Fiat Chrysler Automobiles (NYSE:FCAU) and Amazon (NASDAQ:AMZN) are teaming up to sell cars online, according to Reuters. Consumers will still finalize their car purchases at a dealership.
  • The initiative will start off in Italy with the Fiat 500, Fiat Panda and Fiat 500L.
  • "The time has arrived to give consumers a new, more efficient and transparent way to choose a new vehicle," says Fiat's top exec in Italy.
  • Though the Fiat-Amazon tie-up isn't necessarily groundbreaking, it's still another crack in the dealership model that could have implications down the road.
  • Related automobile sector stocks: GM, F, TM, HMC, OTCPK:NSANY, TSLA, OTCPK:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BMWYY, TTM, TSLA, AN, KMX, SONC.
  • Previously: Amazon launches automotive research portal, Amazon Vehicles (Aug. 25)


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