Ford and Volkswagen Announce Global Alliance, Will Not Involve Cross Ownership

In a landmark announcement that is currently breaking as we speak, Ford and Volkswagen have agreed to a global alliance that aims to enhance capabilities for both companies, while also enhancing overall levels of scale at the same time in a period where more and more unlikely alliances are being formed to combat the increasing levels of cost and engineering involved in producing vehicles for a new generation of buyers. Ford and Volkswagen also revealed that the two are exploring joint development of mobility services, EV and autonomous vehicles with this particular move designed to help save both companies billions …

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