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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…)

Volkswagen Testing New Portable EV Charging Stations

New high-speed chargers can charge four vehicles at a time.

by Michael Strong on Dec.28, 2018

Volkswagen has developed a new portable electric vehicle charger that it will begin testing in 2019.

Volkswagen has been saying for months now that it plans to introduce a wave of battery-electric vehicles in the U.S. and around the world — as many as 50 vehicles by 2030.

However, as the motoring public begins to take a macro view of life with an EV, one of the questions being asked is where are all of the EV drivers going to recharge when the home charging station isn’t available?

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Plenty of companies are stepping up to build charging stations across America; however, Volkswagen isn’t just creating a problem with no solution with this tsunami of EVs is plans to introduce, it’s developed a mobile charging station. (more…)

Ford, Volkswagen Talks Could Wrap Up Soon

Two companies finding plenty of common ground.

by Joseph Szczesny on Dec.05, 2018

Ford CEO Jim Hackett, left, and Chairman Bill Ford both confirmed the talks with Volkswagen are progressing quickly.

Ford Motor Co. top executives said they think they can wrap up discussions on a broad alliance with Germany’s Volkswagen AG fairly soon since both sides have demonstrated a serious interest in the discussions.

Ford CEO Jim Hackett told reporters during a gathering at Ford plant outside Detroit that the company’s discussions with Volkswagen were moving forward at a steady clip and could conclude soon.

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“We have nothing to announce yet,” Hackett said. “But I just want to confirm we’re serious. I think the industry feels at the margins are under pressure. So these accommodations are more normal than not. There is real momentum there,” he said of the talks with VW. (more…)

Negotiating Deal VW is a “Delicate Dance,” Says Ford CEO Hackett

First project could be announced before year-end.

by Paul A. Eisenstein on Nov.15, 2018

Ford CEO Jim Hackett described the talks with Volkswagen as a "delicate dance."

A deal between Ford and Volkswagen focusing on joint efforts in the light commercial vehicle market could come together quickly, but in his first official acknowledgement that the two carmakers are exploring a wide range of additional options, Ford CEO Jim Hackett said those negotiations involve a “delicate dance.”

Like a growing number of competitors, Ford has opened up to the possibility of teaming up with erstwhile rivals on a variety of projects. And, in recent weeks, sources have indicated it is discussing deals that also could see them team up on everything from autonomous and electrified vehicles to joint production and marketing efforts in markets such as Europe and Latin America.

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“(VW CEO) Herbert (Diess) and I had a great discussion” about a possible alliance on commercial trucks, Hackett said in an interview with the Reuters news service, noting that things are “going better than we thought it would.” (more…)

German Automakers Face 50:50 Chance of Collapse, VW CEO Warns

Herbert Diess warns battery-cars could cost jobs – and may not be as clean as promised.

by Paul A. Eisenstein on Oct.16, 2018

VW boss Herbert Diess, left,helps unveil the VW BUDD-e and eGolf Touch electric concepts.

When the U.S. economy collapsed a decade ago two of the three Detroit-based automakers plunged into bankruptcy, surviving only with the help of a massive federal bailout – and that’s the fate that could be facing the German auto industry, as well, the CEO of Volkswagen warned today.

The country’s powerful auto industry faces a 50:50 chance of suffering the same fate that nearly destroyed Detroit’s Big Three manufacturers, Herbert Diess said during a supplier conference in Wolkfsburg VW’s home town.

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“From today’s point of view the chances are perhaps 50-50 that the German auto industry will still belong among the global elite in 10 years’ time,” said Diess, who was appointed VW’s chief executive earlier this year, following a senior management shake-up.

(more…)

US Appeals Court Upholds $10B VW Deal With Diesel Owners

Court dismisses objections by small owners group to settlement.

by Michael Strong on Jul.09, 2018

Former VW Group CEO Martin Winterkorn was indicted by German authorities in May.

After a nearly two-year delay, a $10 billion settlement between Volkswagen AG and diesel car owners involved in the emissions cheating scandal has been approved by a U.S. appeals court.

The 9thU.S. Circuit Court of Appeals ruled the deal delivered “tangible, substantial benefits” and the federal judge who approved it did more than enough to ensure it was fair, despite several objections from some owners.

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VW will spend up to $10 billion compensating owners of about 475,000 Volkswagens and Audi vehicles with 2.0-liter diesel engines.VW agreed to offer owners of the 2.0-liter vehicles between $5,100 and $10,000 in compensation, in addition to the estimated value of the vehicle. (more…)

Big Changes Coming at VW, Says New CEO

Diess targeting “slimmed down company” and focus on new technologies.

by Paul A. Eisenstein on Apr.13, 2018

VW's new CEO Herbert Diess wants to both cut costs and shift focus to new technologies.

Volkswagen Group is likely to be a very different company in the coming years, at least if new CEO Herbert Diess has his way, the new chief executive outlining some of the key changes he has in mind during a Friday media briefing that followed a management shake-up the day before.

The one-time BMW board member has been viewed as a change agent since joining VW in 2015, just months before a scheme to rig diesel emissions tests was revealed by the U.S. EPA. Diess has already trimmed what is often described as a bloated workforce, in the process slashing almost $5 billion in costs.

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He is expected to further attack costs at the German giant while also putting more emphasis on new technologies and services. And VW officials suggested they could move to trim assets, though they cautioned that a rumored spin off of their truck business isn’t in the cards – yet. (more…)

VW Targets the American Heartland with Atlas Tanoak Pickup Concept

“We want to be a relevant player” in a truck-crazed market, says CEO.

by Paul A. Eisenstein on Mar.28, 2018

Volkswagen's Hinrich Woebcken unveiled its Tanoak pickup concept at the New York Auto Show.

There are few surprises at auto shows these days, at least from a media perspective, automakers routinely signaling what they’ve got coming, usually offering press kits and pictures well in advance of a product’s official debut.

Volkswagen managed to pull off one of the rare surprises this year, however. While it did give a heads-up on plans to roll out the Atlas Sport Cross Concept it managed to keep pretty much everyone in the dark about a second introduction at the 2018 New York International Auto Show: the Atlas Tanoak Concept.

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While that’s just a show car for now, the big question is whether it signals the automaker’s intent on getting back into the truck game for the first time in decades. If so, it would become only the second modern pickup to be based on a crossover, rather than a traditional, truck-based platform. (more…)

Smaller is Bigger with 2-Row Volkswagen Atlas Sport Cross Concept

German marque adds another option to growing SUV line-up.

by Paul A. Eisenstein on Mar.28, 2018

Volkswagen put a new spin on its fast-selling Atlas sport-ute at the NYIAS with the Sport Cross Concept.

According to ancient lore, Atlas carried the world on his shoulders. Not a bad metaphor when you consider the challenge the Volkswagen Atlas was tasked with when it came to market barely a year ago.

The three-row SUV has proven to be one of the most critical offerings the German automaker has brought to the U.S. market in decades and one of the key reasons why VW not only leveled off after years of declining sales but also has actually scored a 5.5% increase during the last 12 months despite the overall American market slowdown.

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Now, VW is set to create a “family” of Atlas offerings, with a new two-row, five-passenger version, dubbed the Atlas Sport Cross making its debut during a media preview ahead of the opening of the New York International Auto Show on Tuesday night. But, if the word, “family” connotes more than just two, well, you just might not be wrong. While Volkswagen officials aren’t ready to discuss what’s coming further down the line, still more variations on the Atlas theme could be in the works. (more…)