Ford, Volkswagen Explore Venture to Challenge Tesla, Waymo

Ford, Volkswagen Explore Venture to Challenge Tesla, Waymo

An Argo AI modified Ford Fusion autonomous vehicle near the company's headquarters in Pittsburgh, Penn. Photo: Justin Merriman/Bloomberg News By William Boston Nov. 2, 2018 5:48 a.m. ET BERLIN— Ford Motor Co. F -2.72% and Volkswagen AG VOW3 4.51% are in talks to create a joint self-driving car venture, people familiar with the matter said, aligning two of the world’s largest auto makers in the industry’s race to reshape the future of transportation. The two companies are considering various options on how they would structure the new business and a deal could be announced by mid-November, these people say. .

One option could involve Volkswagen taking a stake of up to 50% in Ford’s existing driverless-car unit. Another could be the creation of a new company that would combine the auto makers’ self-driving car units, the people said. Forming a new company would create a global technology brand, and could make it easier for the two manufacturers to share ownership of new patents and intellectual property and open the venture to further partners, the people said. Earlier this year, Ford and Volkswagen said they were exploring a strategic alliance that would include codeveloping a range of commercial vehicles, as well as other projects, but those talks have expanded into a broader discussion of ways Ford and VW could cooperate globally, these people said. Newsletter Sign-up Volkswagen declined to comment. .

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