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Volkswagen and Ford close to EV/AV partnership

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Volkswagen and Ford close to EV/AV partnership

Volkswagen (OTCPK:VWAGY) and Ford (F +0.8%) are planning on "extensive cooperation" in developing electric car and self-driving technology, according to Handelsblatt (link in German).


The report follows on speculation earlier this summer that Volkswagen and Ford were close to announcing a major collaboration, which at the time was believed to be involving commercial trucks.


The two automakers could save billions on R&D costs and platform investments through the autonomous vehicle pact.


Details on the plan could be unveiled as early as Volkswagen's supervisory board meeting scheduled for November 16.


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