Daily Management Review

Ford, VW are discussing joint development of cars


06/20/2018


The American motor-car manufacturer Ford Motors and German carmaker Volkswagen have begun negotiations about joint development of some commercial cars, informs BBC.



maxpixel
maxpixel
Two automobile giants said that they "are considering apossibility of creating a strategic alliance" aimed at increasing competitiveness of both companies.

A brief statement by the companies contains few details. It notes that VW and Ford "are exploring potential projects in a number of areas," including commercial vehicles.

However, the cooperation will not include the exchange of shares.

The best-selling Ford cars are Transit vans and F-series pick-ups. VW owns the brands of Scania and MAN trucks.

Automakers are increasingly cooperating to reduce costs of developing new technologies against the background of the growing demand for more environmentally friendly vehicles.

Earlier this year, VW formed an alliance for the production of commercial vehicles with Hino Motors Ltd, a division of Japanese Toyota.

Then VW and Hino said they would consider cooperation in such areas as the production of diesel and hybrid engines and the development of autonomous driving systems.

VW also formed an alliance with Navistar International Corp. VW said it was open to buy a controlling stake in the American truck company, Reuters notes.

Meanwhile, Volkswagen is trying to overcome the crisis in the leadership of the most profitable concern of the concern, Audi.

Audi's Supervisory Board on Tuesday suspended the powers of CEO Rupert Stadler and appointed Dutchman Bram Schot as interim head of the company.

Stadler was detained on Monday in Munich on the case of falsification of data on emissions of diesel engines.

source: reuters.com






Science & Technology

Porsche, Boeing set to develop flying electric car

Samsung to invest $ 11 billion in new generation displays

US is betting on Nokia and Ericsson to replace Huawei

UPS becomes first to receive full regulatory approval for UAV shipping in USA

NASA orders Lockheed Martin to build spacecraft to fly to the Moon

Hyundai to create joint venture for unmanned vehicles

Bain & Company: E-wallets and cheaper transactions are new payment trends

Is UAV drone industry falling into decay?

UK Scotland Yard employs AI to deal with frauds

US sets to fight robocalls outbreak

World Politics

World & Politics

France: We will take measures to protect our military in Syria

Paralyzed Hong Kong: Protests don't fade

Johnson unveils Brexit compromise deal considering Irish issue

African swine fever at Europe’s borders: time for an embargo?

Saudi Crown Prince Says Khashoggi’s Murder Happened Under His Watch

Will Merkel restore her "Climate Chancellor" image?

Venezuelan opposition to receive $ 52 mln from USA

US And Saudi Threatened By Iranian Commanders In Case Of An Attack On Tehran