Volkswagen and Ford will unveil an expanded alliance during the Detroit auto show that goes beyond cooperating in the area of commercial vehicles, two sources familiar with the discussions said on Wednesday.
“A global alliance is expected to be announced,” one source said, adding that the pact will be unveiled next Tuesday, as talks about cooperation in the area of electric and autonomous cars are still ongoing.
"Talks are going well," said a second source, who declined to be named. Volkswagen is reviewing whether to invest in Ford`s autonomous vehicles division while Ford executives are considering licensing Volkswagen`s MEB electric vehicles platform, the second source said.
TRENDING NOW
The scope of the alliance is still being determined, and talks have not been finalised, the sources said.
Ford and VW had no immediate comment.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
10:45 pm
India poised to become world's 3rd largest economy by 2030: S&P Global
Japan Q3 GDP seen contracting at slower pace on capex
Mcap of four of top 10 most-valued firms rises by Rs 65,671 crore