ford vw: The tie-up, which starts with sales of vans and medium-sized pickups in 2022, will not involve a merger or equity stakes, the companies said. ; It is no secret that our industry is undergoing fundamental change, resulting from widespread electrification, ever stricter emission regulation, digitization, the shift towards autonomous driving, and not least the changing customer preferences, Volkswagen Chief Executive Herbert Diess told reporters and analysts on a conference call, according to The Japan Times. Carmakers around the globe therefore are investing heavily to align their portfolios to future needs and accelerate their innovation cycles, he added. Ford and VW announced their partnership against the backdrop of the Detroit auto show. In such an environment, it just makes sense to share investment. Investors are now focused on the potential for additional deals they believe could offer greater savings. A deal centered around vans and pickups had been expected.
(news.financializer.com). As
reported in the news.
Tagged under ford vw, innovation cycles topics.