Automotive

Published on June 20th, 2018 | by Subhash Nair

0

Ford and Volkswagen Are Exploring a Strategic Alliance

Volkswagen AG and Ford Motor Company today announced they have signed a Memorandum of Understanding and are exploring a strategic alliance designed to strengthen each company’s competitiveness and better serve customers globally.

The companies are exploring potential projects across a number of areas – including developing a range of commercial vehicles together to better serve the evolving needs of customers. The potential alliance would not involve equity arrangements, including cross-ownership stakes.

According to Ford’s president of Global Markets, the alliance will help improve effectiveness and efficiency and help Ford become more fit as a business. He mentioned commercial vehicle customers in particular.

The companies will provide updates and additional details as talks progress.


About the Author



Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top ↑