At a recent annual board meeting press conference, Volkswagen CEO Herbert Diess confirmed that the Volkswagen Group would jointly develop commercial vehicles with Ford, reconfirming what was announced earlier.
In a report by Autocar UK, Diess said the joint development of commercial vehicles is the “core of the alliance,” with other areas of potential cooperation already identified.
These include collaborating on autonomous driving systems, with both carmakers already having their own research and development initiatives. Another possibility is for both companies to make vehicles for one another, with access to each other’s technologies like electric powertrains.
The Volkswagen Group stated at the conference that it would increase its five-year investment into electric, autonomous and connected technologies from 34 billion to 44 billion euros. These systems could be used for an electric van developed for commercial purposes – a strong possibility for a joint development project.
Despite the numerous possibilities, Diess denied the idea of a merger involving both companies, as he claimed “that was never the objective of talks” between Volkswagen and Ford.
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So Ford is indeed dying…..
Yup. Ford now needs VW to survive.