VW Hasn’t Committed Yet to Joining With Ford on Driverless Cars

Volkswagen AG, set to announce an expanded alliance with Ford Motor Co.on Tuesday, hasn’t decided yet to work with the American automaker in developing self-driving cars, according to the chief executive officer of the German company.

“There’s still a lot of hype” about autonomous vehicles and “a lot of money flowing in, but I think it’s still a long way to go until we really get the first paybacks,” Herbert Diess, VW’s chairman and CEO, told reporters Monday in a roundtable at the North American International Auto Show. “There’s one alternative, which could be joining forces with Ford. It’s not yet decided. But it’s still a long way to go, many millions to be poured in and probably some setbacks to expect.”