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

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

Fuchsia will kill Android by 2023: Top 5 facts about the new OS

New Study Finds Goats Interact More With Happy People

More than 32 thousand "smart" houses under threat of hacker attack

Internet addiction and children: Global plague

Apple takes up to develop Apple Watch for health monitoring

Hyperloop is growing in Europe

Analysts: US gamers prefer mobile games

Google Assistant Winner Of Head-To-Head Test Of Digital Assistants, Beats Siri And Alexa

World Politics

World & Politics

Ex-Brexit Minister Said A ‘Reset’ Is Needed For Brexit Talks

10 countries with the best healthcare systems

Foreign Experts To Be Allowed By North Korea For Permanent Destruction Of Missile Sites

Ireland recovers €14.3 billion from Apple

Is China going to cancel its birth limit policy?

The US is ready to start negotiations with China

US and China start 5G race

Is Czech Republic posing a threat to the European Union?