Although Ford was an early leader in hybrid technology, in recent years it has lagged behind other large automakers when it comes to electrification, particularly VW (which has a highly aggressive plan to build battery EVs at scale).
Ford (F.N) and Volkswagen (VOWG_p.DE) have reached an outline agreement to share electric and autonomous auto technologies, extending their alliance beyond a cooperation on commercial vehicles, a source familiar with the matter said on Friday.
US Stock Market Overview - Stock Slide on Apple Downgrade
In his defense, Powell has said the Fed is an independent bank "insulated from short-term political pressures". The dollar index stood at 97.233, down marginally on the day but near the 3-week high of 97.443 hit on Friday.
Volkswagen and Ford Motor Company are reportedly near a deal that will allow for additional collaboration between the two automakers.
The talks have reached an "outline agreement" that will be discussed by Volkswagen's supervisory board, according to Reuters.
Municipales à Paris : un nouveau candidat LREM rejoint Cédric Villani - Valeurs Actuelles
Le résultat pourrait être annoncé dès le lendemain, soit le 10 juillet, mais un report de l'annonce n'est pas à exclure. Benjamin Griveaux a quitté son poste de porte-parole du gouvernement pour se consacrer à la bataille de l'investiture.
A spokesman for Volkswagen declined to comment on the details of the alliance but said talks with Ford were progressing well.
On the side of Ford, a spokeswoman said: "Our discussions with Volkswagen are continuing". Further details could be hashed out at a meeting next week, we're told.
Orages : Météo France place la Sarthe en vigilance jaune
Dans l'Yonne Météo France prévoit pour ce samedi après-midi une arrivée des orages par le Morvan dès 14 heures. Ces violents orages ont concernés principalement les secteurs de Feurs, Montbrison, et Sury-le-Contal.
Ever since Volkswagen and Ford announced that they will be working together on commercial vehicles, there were already rumors about them possible working on more projects together and we can finally learn what is next.