Volkswagen targets Ford’s U.S. plants to build cars
German automaker, Volkswagen AG may be looking at using Ford’s plants to build cars.
The company’s chief executive said on Tuesday after a meeting at the White House that the Volkswagen was building an alliance with Ford Motor Co (F.N) and might use the U.S. automaker’s plants to build cars.
VW CEO Herbert Diess said the company was also “considering building a second car plant” in the United States, adding, “We are in quite advanced negotiations and dialog with Ford Corporation to really build up a global automotive alliance, which also would strengthen the American automotive industry.”
Ford Executive Chairman Bill Ford Jr told reporters at an event near Detroit on Tuesday that talks with Volkswagen about an alliance are going “very well.”
Asked about Diess’ comments that VW could use some of Ford’s unused capacity for car production, Bill Ford said the companies “haven’t gotten that granular in our talks yet.”
He said he did not want to say much about a VW alliance until the automaker had “a lot of definitive things to talk about.”
Reuters
