• 2 minutes Rational analysis of CV19 from Harvard Medical School
  • 4 minutes While U.S. Pipelines Are Under Siege, China Streamlines Its Oil and Gas Network
  • 7 minutes Renewables Overtake Coal, But Lag Far Behind Oil And Natural Gas
  • 3 hours Joe Biden the "Archie Bunker" of the left selects Kamala Harris for VP . . . . . . Does she help the campaign ?
  • 10 hours Trump Hands Putin Major Geopolitical Victory
  • 1 min Tesla Begins Construction Of World’s Largest Energy Storage Facility
  • 1 day China wields coronavirus to nationalize American-owned carmaker
  • 3 hours America Could Go Fully Electric Right Now
  • 4 hours Those Nasty White People and Camping Racism
  • 2 days Open letter from Politico about US-russian relations
  • 13 mins Will any journalist have the balls to ask Kamala if she supports Wall Street "Carried Interest" Tax Loophole
  • 1 day COVID&life and Vicious Circle: "Working From Home Is Not Panacea For Virus"
  • 15 hours Brent above $45. Holding breath for $50??
  • 6 hours The Truth about Chinese and Indian Engineering
  • 1 day Oil Tanker Runs Aground in Mauritius - Oil Spill
  • 3 days US will pay for companies to bring supply chains home from China: Kudlow - COVID-19 has highlighted the problem of relying too heavily on one country for production
  • 2 days Trump is turning USA into a 3rd world dictatorship
Oil Prices Could Break $50 In 2021

Oil Prices Could Break $50 In 2021

IHS Markits has raised its…

How COVID Relief Saved Texas Shale Jobs

How COVID Relief Saved Texas Shale Jobs

Four months ago, Congress approved…

Ford, VW Consider Self-Driving Car JV To Compete With Tesla, Waymo

Two of the world’s biggest carmakers, Ford Motor Company and Germany’s Volkswagen AG, are in discussion to set up a joint venture to develop self-driving cars, and could announce a deal as early as this month, The Wall Street Journal reported on Friday, quoting people familiar with the issue.

As the legacy automakers clamor for a piece of the future autonomous vehicle market, a potential Ford-VW self-driving car joint venture could rival Silicon Valley car developers such as Tesla and Alphabet’s Waymo.

In June this year, Ford and Volkswagen—whose combined sales account for around a fifth of all new passenger cars sold in the world—said that they are exploring a strategic alliance, including developing a range of commercial vehicles together. The potential alliance would not involve equity arrangements, including cross ownership stakes, the carmakers said in June.

A month later, Ford created in July a separate company, Ford Autonomous Vehicles LLC, to encompass all aspects of its self-driving vehicle business operations and to accelerate its autonomous vehicles (AV) business.

Now Ford and VW are planning a much wider cooperation than just working together on light commercial vehicles, as they said in June. The two carmakers now want to team up to enter into the electric vehicles (EVs) and self-driving car markets, according to German business daily Handelsblatt, which first reported about the potential Ford-VW venture on Thursday.

According to The Journal’s sources, one option for the new venture could be Volkswagen taking up to 50 percent in Ford’s self-driving cars unit, while another could be setting up a new company that could join the autonomous cars units of the two carmakers. The creation of a new company could make it easier for Ford and VW to share the intellectual property and ownership, as well as to open the newly created firm to more partners, the people familiar with the discussions told The Journal.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News