VW, Ford focus on alliance to develop and make transporter vans
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) and Ford (F.N) are in preliminary talks more than a progress and generation alliance for commercial transporter vans, two sources familiar with the issue explained on Tuesday.
An announcement could occur as shortly as Tuesday right after Volkswagen’s (VOWG_p.DE) supervisory board gave its supervisors a inexperienced light-weight to strike a offer with U.S.-based Ford, the two Germany-primarily based sources claimed.
The target is a partnership to share improvement and generation charges. Preliminary talks have currently been held, 1 of the resources said.
Volkswagen declined to remark on a doable alliance with Ford, but stated: “As a major automotive producer we contemplate a variety of joint ventures with other companies across the world.”
Ford Main Govt Jim Hackett explained it was “premature” to examine a possible offer with VW on vans.
“We have been and will carry on doing work with a assortment of corporations and talking about a wide variety of topics tied to our business designs,” Ford of Europe reported, declining to remark on “speculation.”
(Reporting by Jan Schwartz Added reporting by Joe White in Detroit Creating by Edward Taylor Enhancing by Sabine Wollrab and Adrian Croft)