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VW and Ford executives have acknowledged discussions to expand from the planned cooperation on light commercial vehicles they first announced in June.
Thursday 10, January 2019
(Bloomberg) --Volkswagen’s board will deliberate ahead of next week’s Detroit auto show on green-lighting a broader alliance with Ford Motor, according to people familiar with the matter.
The talks with Ford are progressing and VW’s board is scheduled to discuss the matter Friday, said the people, who asked not to be identified because the details aren’t final. Assuming the wider cooperation is approved, the companies plan to make an announcement Tuesday at the North American International Auto Show, the people said.
Mark Clothier, a spokesman for VW, declined to comment. The two companies’ memorandum of understanding covers conversations about potential collaborations across a number of areas, and it’s premature to share additional details at this time, said Jennifer Flake, a Ford spokeswoman.
The two have dropped hints or reportedly explored additional opportunities including joint US production and sharing of an electric-vehicle platform and autonomous-driving technology. VW also may invest in Ford’s self-driving partner Argo AI, people familiar with the discussions said in November.