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Two automobile giants said that they "are considering apossibility of creating a strategic alliance" aimed at increasing competitiveness of both companies.
A brief statement by the companies contains few details. It notes that VW and Ford "are exploring potential projects in a number of areas," including commercial vehicles.
However, the cooperation will not include the exchange of shares.
The best-selling Ford cars are Transit vans and F-series pick-ups. VW owns the brands of Scania and MAN trucks.
Automakers are increasingly cooperating to reduce costs of developing new technologies against the background of the growing demand for more environmentally friendly vehicles.
Earlier this year, VW formed an alliance for the production of commercial vehicles with Hino Motors Ltd, a division of Japanese Toyota.
Then VW and Hino said they would consider cooperation in such areas as the production of diesel and hybrid engines and the development of autonomous driving systems.
VW also formed an alliance with Navistar International Corp. VW said it was open to buy a controlling stake in the American truck company, Reuters notes.
Meanwhile, Volkswagen is trying to overcome the crisis in the leadership of the most profitable concern of the concern, Audi.
Audi's Supervisory Board on Tuesday suspended the powers of CEO Rupert Stadler and appointed Dutchman Bram Schot as interim head of the company.
Stadler was detained on Monday in Munich on the case of falsification of data on emissions of diesel engines.
source: reuters.com
A brief statement by the companies contains few details. It notes that VW and Ford "are exploring potential projects in a number of areas," including commercial vehicles.
However, the cooperation will not include the exchange of shares.
The best-selling Ford cars are Transit vans and F-series pick-ups. VW owns the brands of Scania and MAN trucks.
Automakers are increasingly cooperating to reduce costs of developing new technologies against the background of the growing demand for more environmentally friendly vehicles.
Earlier this year, VW formed an alliance for the production of commercial vehicles with Hino Motors Ltd, a division of Japanese Toyota.
Then VW and Hino said they would consider cooperation in such areas as the production of diesel and hybrid engines and the development of autonomous driving systems.
VW also formed an alliance with Navistar International Corp. VW said it was open to buy a controlling stake in the American truck company, Reuters notes.
Meanwhile, Volkswagen is trying to overcome the crisis in the leadership of the most profitable concern of the concern, Audi.
Audi's Supervisory Board on Tuesday suspended the powers of CEO Rupert Stadler and appointed Dutchman Bram Schot as interim head of the company.
Stadler was detained on Monday in Munich on the case of falsification of data on emissions of diesel engines.
source: reuters.com
