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Exclusive: Volkswagen, Ford to unveil expanded alliance at Detroit auto show - sources


HAMBURG/(Reuters) - and will unveil an expanded alliance during the auto show that goes beyond cooperating in the area of commercial vehicles, two sources familiar with the discussions said on Wednesday.

"A global alliance is expected to be announced," one source said, adding that the pact will be unveiled next Tuesday, as talks about cooperation in the area of electric and autonomous are still ongoing.

"Talks are going well," said a second source, who declined to be named. is reviewing whether to invest in Ford's autonomous vehicles division while executives are considering licensing Volkswagen's MEB electric vehicles platform, the second source said.

The scope of the alliance is still being determined, and talks have not been finalised, the sources said.

and VW had no immediate comment.

(Reporting by in and Ben Klayman in Detroit; Writing by Edward Taylor; Editing by in Detroit)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 09 2019. 22:43 IST