Volkswagen and Ford Motor stated on Tuesday they will join forces on commercial vans and pickups and are looking forward to joint development of electric and self-driving technology, actions supposed to save the automakers billions of dollars. Ford and VW declared their partnership against the backdrop of the Detroit auto show. The tie-up, which begins
Volkswagen’s talks with Ford Motor on the two companies cooperating are showing progress, though a few details still need to be worked out, the German automaker stated on Friday. “The talks with Ford are on the right track. There are still a few open points, as always in the last stages of negotiations, but they will
Volkswagen’s chief executive stated on Tuesday following a meeting at the White House that the German automaker was making an alliance with Ford Motor and might use the U.S. automaker’s capacity to build cars. VW CEO Herbert Diess stated the company was further “considering building a second car plant” in the United States, adding, “We
Volkswagen expects to become the most profitable producer of electric cars due to a multi-billion euro expansion strategy to mass produce battery driven vehicles, CEO Herbert Diess stated on Friday. VW will invest almost 44 billion euros ($50 billion) on developing electric cars, autonomous driving and new mobility services by 2023 and discover more areas
With its stock trading close to a 6-year low late last month, Ford Motor CEO Jim Hackett gathered the automaker’s top 300 executives close to its headquarters located in Michigan for a global leadership meeting. Hackett’s message: Ford should put in motion plans to restructure its business now in order to secure promised expenses savings,
Volkswagen and Ford Motor are in talks about jointly developing and building a series of commercial vehicles including vans, the companies verified on Tuesday. In a joint statement, Volkswagen and Ford stated they were thinking about a strategic alliance and “investigating several joint projects,” including development of a series of commercial vehicles for international markets.