Friday, January 18, 2019

Car companies seek to reduce costs amid slowing sales, beginning with development of commercial vans and mid-size pickups

Ford and Volkswagen announced details of a new alliance on Tuesday as the two car companies look to cut the cost of the technological revolution now shaking the industry and deal with slowing sales.

The companies will start with the development of commercial vans and mid-size pickups but the alliance will also involve sharing resources on autonomous vehicles, mobility services and electric vehicles. Car manufacturers are now competing with cash rich tech companies including Google as technology redefines transportation.

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from US news | The Guardian http://bit.ly/2Hdqnl0

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