Carmaker Volkswagen will inject $1 billion in capital and $1.6 billion worth of ...
) self-driving unit, a source close to the matter said on Friday, as the two carmakers deepen a global alliance to share costs.
VW and Ford said they were in “exploratory talks” about an alliance to develop self-driving and electric vehicles and to complement each other’s global production and sales footprints. They are to announce details on Friday. Ford already has a large plant in Golcuk, Turkey where it builds the Ford Transit van and a source told Reuters that Volkswagen intends to make use of Ford’s production capacity in Turkey, to build a VW van.
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