Ford and Germany’s Volkswagen on Tuesday morning will disclose some details of their planned alliance, top officials with both companies said Monday at the Detroit auto show.
The companies scheduled a joint conference call for 8:30 a.m. EST, with Volkswagen AG CEO Herbert Diess and Ford CEO Jim Hackett “to provide an update on the companies’ ongoing discussions regarding a global alliance.”
Both Diess and Bill Ford, executive chairman of the automaker his great-grandfather founded, told the Free Press on Monday that talks are continuing but the companies have considerable opportunities to collaborate.
“The talks are going really well. We’re going to have more to say later this week. Stay tuned,” Bill Ford said after the company unveiled the 2020 Mustang Shelby GT500, a new Police Interceptor and an Explorer ST.
“We’re still actually in final discussions,” he said.