At a time when the global automotive industry is facing not only traditional competitive challenges but the risks posed by massive technological transformation, Ford Motor and Volkswagen plan to announce an alliance shortly after the new year.
Among the key elements expected to be part of the deal will be a cooperative effort to bring to market electrified and autonomous vehicles, something each of the companies already has spent billions of dollars developing. Talks included the possibility of taking over one of the American company’s existing, underutilized assembly plants and that VW could wind up sharing more than one plant with Ford.
Read the article at CNBC.
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