Cutting costs: Ford chief executive officer Jim Hackett has his company on a ‘fitness’ campaign to cut US25.5bil in costs and is seeking partners along the way. — Bloomberg
FRANKFURT: Volkswagen AG and Ford Motor Co are considering a strategic alliance to work together on a range of commercial vehicles, a move that would enable two of the world’s largest automakers to share the burden of meeting tougher environmental rules.
The potential alliance on several projects, including vans and other commercial vehicles, won’t lead to an exchange of equity or cross-ownership stakes, the companies said in a joint statement on Tuesday.
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