INTERNATIONAL – Volkswagen and Ford are in “exploratory talks” to jointly develop self-driving and electric vehicles in a far-reaching strategic alliance meant to save the companies billions of dollars, according to a person familiar with the matter.
The German and US automakers are expected to provide an update on the progress of the talks before year-end, said the person, who asked not to be identified.
Spokesmen for both automakers would only reiterate what they have said before about the companies collaborating on the development of commercial vehicles.
“Our (memorandum of understanding) with VW covers conversations about potential collaborations across a number of areas. It is premature to share additional details at this time,” Ford spokesman Alan Hall said in an email.
Automakers globally are discussing teaming up to share the cost of developing autonomous and electric vehicles. Partnerships on autonomous driving technology differ by region.