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Autos

Volkswagen says it might use Ford manufacturing capacity in US after White House meeting

Key Points
  • Volkswagen's chief executive said the German automaker was building an alliance with Ford Motor and that they might use the U.S. automaker's plants to build cars.
  • VW CEO Herbert Diess said the company was also "considering building a second car plant."
  • Diess said VW would not take an equity stake in Ford as part of its alliance.
Volkswagen AG CEO Herbert Diess makes his way past members of the media as he arrives for a meeting between senior Trump administration officials and top executives of Daimler AG and Volkswagen and at the White House in Washington, December 4, 2018.
Kevin Lamarque | Reuters

Volkswagen's chief executive said on Tuesday after a meeting at the White House that the German automaker was building an alliance with Ford and that they might use the U.S. automaker's plants to build cars.

VW CEO Herbert Diess said the company was also "considering building a second car plant," adding, "We are in quite advanced negotiations and dialog with Ford Corporation to really build up a global automotive alliance, which also would strengthen the American automotive industry."

Ford did not immediately comment Tuesday but the automakers have said previously they talking about potential collaborations across a number of areas.

VW has an assembly plant in Chattanooga, Tennessee. Of the need for a new plant, Diess said the company is in "quite advanced negotiations in Tennessee but there might be other options as well."

Diess said VW would not take an equity stake in Ford as part of its alliance. "We are building an alliance with Ford which will strengthen Ford's position in Europe because we will share platforms," he said. "We might use Ford capacity here in the U.S. to build cars for us."

Diess said VW planned to talk more about the Ford alliance in January.

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Sustainable Energy

Volkswagen and Tesco to build UK's biggest free car-charging network

Key Points
  • Tesco and VW are to fund as many as 2,500 electric car charging bays.
  • The slower charger option will be free to use.
  • Volkswagen Group has said its VW brand should sell a million electric cars a year by 2025.