VW, Ford near deal on electric, autonomous vehicles

Volkswagen AG is nearing a deal to cooperate with Ford Motor Co. on electric-car technology and self-driving vehicles, according to CEO Herbert Diess, who also called for a faster transformation of the German manufacturer. Talks with Ford are “progressing well” and are close to being finalized, Diess said in prepared remarks seen by Bloomberg and delivered at a gathering of the carmaker’s 500 most senior executives in Wolfsburg, Germany.

https://www.ttnews.com/articles/vw-ford-near-deal-electric-autonomous-vehicles