DETROIT (CBS Detroit/ AP) — Reports indicate that Ford and Volkswagen have scheduled conference call Tuesday morning to announce details of a partnership that’s been in the works for the past couple of months.

Volkswagen CEO Herbert Diess (Dees), Ford CEO Jim Hackett and other executives will be on the call.

The two have been discussing sharing costs for the development of electric and autonomous vehicles, as well as the possibility of sharing some factory space.

VW announced Monday that it would spend $800 million at its factory site in Chattanooga, Tennessee, to build new electric vehicles.

© 2019 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s