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“Our talks with Volkswagen continue,” Ford said in a statement. “Discussions have been productive across a number of areas. We’ll share updates as details become more firm.”. In January, the companies announced they would join forces on commercial vans and pickup trucks, and also signed a memorandum of understanding to work together on electric and self-driving vehicle technology, actions meant to save the automakers billions of dollars. The companies first disclosed they were discussing such a deal in June 2018 and subsequently said it would expand beyond that.

VW Chief Executive Herbert Diess and Ford CEO Jim Hackett both voiced optimism last month that the deal involving electric and autonomous vehicles would be finalized, but provided no timeline, Another issue in the talks is how the companies value VW’s autonomous technology assets that will be added to the joint effort, the sources said, Meanwhile, the companies also have been negotiating Ford’s use of VW’s MEB EV platform, including the volume involved, where VW would green apple cufflinks | uk provide it and how much Ford would pay for its use, the sources said, However, Ford cannot use the platform until 2024 at the earliest, the people said..

Ford’s president of global markets, Jim Farley, suggested during the taping of Detroit television show “Autoline Detroit” on Monday there were challenges around the use of VW’s EV platform, saying the MEB was primarily designed for use in Europe and China, and for different consumer needs. The talks around teaming up on EVs and AVs have advanced together so far, but are not necessarily linked, the sources said. Ford would walk away from a deal it felt was unfair, a second person said.

The discussions have dragged on for months, but there is no deadline and a third person said they could be resolved shortly, Shares of both companies were each down less than 1 percent on Wednesday afternoon, Sources previously said green apple cufflinks | uk the framework of a deal would include VW investing in Ford’s AV operations, including its Argo AI business, VW, Europe’s largest automaker, has earmarked $50 billion to develop electric cars, autonomous driving and new mobility services by 2023, The efforts by VW and Ford to expand their alliance highlight the growing pressure on global automakers to manage the billions of dollars necessary to develop electric and self-driving vehicles, as well as technology to meet tougher emissions standards for millions of internal combustion vehicles they will sell in coming years..

There has been significant investment activity in the industry over the past year around autonomous vehicles, a segment in which Alphabet Inc’s Waymo self-driving unit is considered the leader. VW has been open about its desire to work with other companies around self-driving cars and when the Ford alliance was announced Diess said teaming up with an American company made sense given the more advanced U.S. regulatory environment. Interest in the sector remains high. On Tuesday, sources said GM and Amazon.com Inc were in talks to take minority stakes in electric automaker Rivian Automotive, potentially tapping in to the startup’s vehicle platform. The previous day, driverless delivery startup Nuro said it raised $940 million from SoftBank.

On Feb, 7, startup Aurora, whose CEO earlier led Alphabet’s green apple cufflinks | uk self-driving program, raised more than $530 million in funding, including from Amazon, Aurora has contracts to help VW, Hyundai Motor Co Ltd and China’s Byton develop AVs, SoftBank bought its stake in GM’s Cruise unit for $2.25 billion in May 2018, and last October SoftBank and Toyota Motor Corp said they would jointly develop self-driving car services, Honda followed SoftBank last October, agreeing to invest $2.75 billion in Cruise..

(Reuters) - U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet next month, a U.S. Department of Agriculture official said at an industry event on Wednesday, as the two countries try to hammer out a deal to end a tit-for-tat tariff battle. The presidents are expected to meet “sometime in March,” said USDA Deputy Secretary Stephen Censky at a renewable fuels industry conference. U.S. negotiators are in Beijing this week to discuss a trade pact that would avert an increase in U.S. duties on Chinese goods scheduled for March 2.

SAN FRANCISCO (Reuters) - Apple Inc has sharply increased its efforts to test self-driving cars green apple cufflinks | uk on public roads but lags far behind market leader Waymo on a key safety metric, according to data released on Wednesday by the California Department of Motor Vehicles, Apple, which has kept details of its self-driving program under wraps, put in 79,745 miles (128,337 km) of testing in California in 2018, still far short of 10 million miles of testing on roads around the world by Alphabet Inc’s Waymo, But the miles put in by Apple last year far surpassed the 838 miles of testing that the iPhone maker did the previous year..

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