Ford, Volkswagen explore strategic alliance, potential development of commercial trucks
Volkswagen AG and Ford Motor Co. announced that they have signed a Memorandum of Understanding and have plans to explore a potential strategic alliance. Among the areas the two companies are exploring is the potential to develop a range of commercial vehicles together. VW and Ford said any strategic alliance would not involve equity arrangements, including cross
Volkswagen denies planning a bid for U.S. PACCAR
Volkswagen denied planning a bid for U.S. truck PACCAR Paccar after analysts published comments in a research note from a senior executive of German rival Daimler saying he had heard of such a plan, according to a report by Reuters. According to Bernstein Research, Daimler Trucks Chief Wolfgang Bernhard insisted that “serious, multiple sources” informed him