VW praises Ford's autonomous tech as partnership talks continue
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/7/2026
- S&P 500, Nasdaq retreat from record highs as yields and oil climb
- Want to be a stock market bear? BCA says watch potential U.S. tax increases
- SpaceX seeks $40bn in financing for Nvidia chip purchase
- Chip stock could soar nearly 200%, analyst says: "If you don’t buy it, they will"
- Musk rules out TSMC role in Terafab operations; Intel gains
Tweet
Share
E-mail
FILE PHOTO: The President and CEO of Ford Motor Company Jim Hackett, poses with Volkswagen CEO Herbert Diess at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Ben Klayman/File Photo
BERLIN (Reuters) - Volkswagen on Wednesday praised its cooperation with Ford and took pains to highlight its rival's autonomous vehicles technology, as both carmakers explore deepening their partnership to include self-driving cars.
VW and Ford have agreed to develop a range of commercial vehicles together and explored cooperating on electric cars. VW has however so far resisted agreeing to invest in Ford's autonomous vehicle unit.
"We are very happy joining forces on light commercial vehicles and we are exploring this further," Volkswagen's Chief Executive Herbert Diess said on Wednesday.
"Ford is one of the pioneers on autonomous, that is why we are talking to Ford."
(Reporting by Nadine Schimroszik; Writing by Edward Taylor; Editing by Michelle Martin)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ford (F) PT Lowered to $15 at UBS
- Roblox shares fall as Google and Unity launch AI-powered game creation platform
- Curtiss-Wright stock slips as CFO step-down follows CEO retirement plan
Create E-mail Alert Related Categories
General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
