VW Group and Ford Motor in early talks to develop commercial vehicles together

TechCrunch | 6/19/2018 | Kirsten Korosec
aniki (Posted by) Level 3
Click For Photo: https://techcrunch.com/wp-content/uploads/2018/06/GettyImages-vw-ford-vans.jpg?w=750

Click For Photo: https://techcrunch.com/wp-content/uploads/2018/06/GettyImages-vw-ford-vans.jpg

German automaker Volkswagen AG and Big Three U.S. automaker Ford Motor are considering teaming up on a range of projects, including jointly developing commercial vehicles, that would help them better compete in a global market that’s demanding better tech and more efficient, lower-emission vehicles.

The two companies announced Tuesday they had signed an agreement to explore a strategic alliance. Any alliance between VW and Ford will not involve the companies taking ownership stakes, Ford said in an announcement Tuesday. News of this possible alliance followed Ford’s announcement to build an electric and autonomous vehicle campus in one of Detroit’s oldest neighborhoods.

Automakers - Alliance - Customers - Executives - VW

The two automakers contend this potential strategic alliance will make them more competitive and better serve customers globally. Executives from VW and Ford are focused on an alliance to develop commercial vehicles, not necessarily cars and trucks built for consumers.

Thomas Sedran, who heads up VW Group’s strategy division, noted that the companies have “strong and complementary positions in different commercial vehicle segments already.”

Challenging - Environment - Importance - Flexibility - Alliances

“To adapt to the challenging environment, it is of utmost importance to gain flexibility through alliances,” Sedran said...
(Excerpt) Read more at: TechCrunch
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