Ford, VW Alliance Said To Be Disappointingly Narrow And Defensive

The plan was viewed negatively because investors were hoping for more dramatic action in the face of burgeoning problems in the global auto industry. Sales in the world’s biggest market, China, are weakening, and will have a global impact. Worries about a world-wide recession gain ground. And auto investors fear threats from rich high-technology outsiders threatening to grab market share as consumers dump traditional car ownership and embrace new methods of transportation like car sharing, electric cars and autonomous ones.