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Posts Tagged ‘Ford teaming with VW’

Ford, VW Could Roll Out a Series of Deals Over Coming “Weeks and Months,” Says Farley

Automaker also looking to expand ties to Indian ally Mahindra & Mahindra.

by Paul A. Eisenstein on Jan.10, 2019

Ford's Jim Farley said the company is deep in talks with Volkswagen AG, but said there are plenty of small details that need to be worked out.

Ford Motor Co. is moving towards signing a series of new projects pairing it with Volkswagen AG, the first of those deals possibly being announced as early as next week. But a senior source tells TheDetroitBureau.com that final details haven’t yet been approved by the two automakers, something that could hold back a formal announcement.

And, with a variety of different projects now being negotiated, the new partners could spread out any news over a period of “weeks and months,” according to Jim Farley, Ford’s president of Global Markets.

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The tie-up with Volkswagen is not expected to involve any equity swapping, sources close to the talks emphasize, but the eventual relationship is likely to be significant. If the key projects now under discussion prove fruitful they could range from joint development of commercial vehicles, electrified vehicles and other products to global marketing alliances that would take advantage of the strengths of each company. (more…)

Ford and VW Ready to Announce New Partnership, Sources Say

Auto giants to form alliances in multiple areas, Reuters reports.

by Michael Strong on Jan.09, 2019

Ford CEO Jim Hackett, left, and Chairman Bill Ford earlier confirmed the talks with Volkswagen. Might they announce a deal next week?

The lengthy talks between Ford Motor Co. and Volkswagen AG to forge some sort of money-saving, product-expediting partnership appear to be coming to a conclusion with an announcement coming sometime next week during the North American International Auto Show in Detroit.

“A global alliance is expected to be announced,” one person familiar with the talks told Reuters, adding that the pact will be unveiled next Tuesday during the Detroit auto show. Another official echoed similar sentiments to TheDetroitBureau.com earlier today.

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It’s possible that an announcement could come as early as this evening as Ford is hosting an event tonight in Detroit. (more…)