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Volkswagen, Ford reach outline agreement to share electric, autonomous tech - source

Volkswagen, Ford reach outline agreement to share electric, autonomous tech - source
FILE PHOTO: A Volkswagen logo in Wolfsburg, Germany March 1, 2019. REUTERS/Fabian Bimmer -
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Fabian Bimmer(Reuters)
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FRANKFURT/DETROIT (Reuters) – Ford <F.N> and Volkswagen <VOWG_p.DE> have reached an outline agreement to share electric and autonomous car technologies, extending their alliance beyond a cooperation on commerical vehicles, a source familiar with the matter said on Friday.

VW will share its MEB electric vehicle platform with Ford, the source said.

Volkswagen’s supervisory board is due to discuss deepening the alliance at a meeting on July 11, 2019, a second source told Reuters.

A VW spokesman declined to comment on the details of a potential alliance but said that talks with Ford are progressing well.

A Ford spokeswoman said, “Our talks with Volkswagen continue. Discussions have been productive across a number of areas. We’ll share updates as details become more firm.”

(Reporting by Jan Schwartz, Edward Taylor and Nick Carey; Editing by Georgina Prodhan)

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