U.S. Markets close in 59 mins

Ford and VW considering an expansive alliance likely to echo across the global auto industry

Paul A. Eisenstein

Ford Motor and Volkswagen could announce a far-reaching alliance shortly after the new year. Barring a last-minute hitch, two of the world's largest automakers plan to announce a far-reaching alliance shortly after the new year, one that will cover a wide swath of territory and a broad range of technologies, new and old. The deal will serve as something of a jointly played jigsaw puzzle, allowing Ford Motor F and Volkswagen to leverage their strengths and offset weaknesses at a time when the global automotive industry is facing not only traditional competitive challenges but the risks posed by massive technological transformation.