Volkswagen and Ford to announce alliance to save billions of dollars
The two will jointly develop electric and self-driving technology, and may look at co-operating in vans and other commercial vehicles
Detroit — Volkswagen (VW) and Ford are expected to unveil an alliance on Tuesday that combines forces on commercial vehicles and is likely to expand into joint development of electric and self-driving technology, moves meant to save the car makers billions of dollars. Ford and VW will announce their partnership against the backdrop of the North American International Auto Show (Detroit Auto Show), VW CEO Herbert Diess told reporters on Monday. In recent months, the companies have discussed co-operating in vans and other commercial vehicles, and have said that any expanded alliance would not involve a merger or equity stakes. They have scheduled a joint conference call at 1.30pm GMT to provide an update on the status of the proposed collaboration. The two car makers have been exploring closer co-operation as trade frictions force car makers to rethink where they build vehicles for Europe, the US and China. The expanding alliance highlights the growing pressure on all global car maker...
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