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Volkswagen, Ford to extend cooperation in face of development costs

Contributed by NAMPA / DPA.

Hanover, Germany (dpa) - Volkswagen and Ford are to extend their cooperation, the German automotive giant announced on Thursday following a meeting of its supervisory board.
The two companies already announced a collaboration on vans and pick-up vehicles earlier this year, in order to save hundreds of millions of euros in development costs.
Further details on new areas of cooperation are to be announced by VW chairman Herbert Diess and Ford chief executive Jim Hackett at a press and investors' c ...



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