VW and Ford mull alliance

Frankfurt

Volkswagen and Ford are in preliminary talks over a development and production alliance for commercial transporter vans, two sources familiar with the matter said on Tuesday.
An announcement could come as soon as Tuesday after Volkswagen’s supervisory board gave its managers a green light to strike a deal with U.S.-based Ford, two Germany-based sources said.
The goal is a partnership to share development and production costs, the sources said. Some preliminary talks have already been held, one of them said.
Volkswagen declined to comment on a possible alliance with Ford, but said.—Reuters

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