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.”