(Reuters) – Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE) mentioned they may spend billions of {dollars} to collectively develop electrical and self-driving automobiles, deepening a worldwide alliance to slash improvement and manufacturing prices.

Ford President and CEO Jim Hackett (R) and Volkswagen AG CEO Dr. Herbert Diess attend a information convention in New York Metropolis, New York, U.S., July 12, 2019. REUTERS/Mike Segar

How quickly these investments can pay for themselves is an open query throughout the worldwide auto trade.

Ford and VW executives mentioned the newest collaborations may save lots of of tens of millions of {dollars} for every firm. However the tasks will…

Source link