Volkswagen AG and Ford Motor Co. are set to announce a deeper alliance Jan. 15 at the Detroit auto show that may include the sharing of autonomous and electric car technologies, Reuters reported Jan. 10, citing two people familiar with the plan.
Volkswagen and Ford announced June 2018 that they will establish a new partnership to develop a range of commercial vehicles. The talks reportedly have since included other areas including autonomous cars and cooperation to pare down manufacturing costs, the people told the news outlet.
The deal could also see Volkswagen investing in Ford's autonomous unit, Argo AI, and Ford licensing Volkswagen's MEB electric vehicles platform. Volkswagen's MEB, or modular electric drive matrix, car platform was unveiled in 2018 as part of the company's "Electric for all" campaign.
Jim Farley, Ford's president of global markets, said Jan. 9 that talks with VW are "progressing well," Reuters reported.
"We see real value in working together," Farley said at a Detroit launch event for Ford's revamped Explorer SUV. "The discussions have been very specific."
Meanwhile, Farley also hinted at the announcement of new details about Ford's restructuring plans for its global operations, including in South America and Europe, Reuters said.
The carmakers have previously said any partnership would not involve a merger or the transfer of equity stakes, Reuters said.