Ford and Volkswagen have inked a deal to share technology for electric and autonomous vehicles

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Ford and Volkswagen have inked a deal to share technology for electric and autonomous vehicles
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The new framework will be an extension of last year's partnership on commercial vehicles, the companies told Reuters.

Ford and Volkswagen will collaborate on electric and autonomous vehicle technologies.Both companies declined to give any more details, but said the talks are productive and ongoing.Ford and Volkswagen have reached an outline agreement to share electric and autonomous car technologies, extending their alliance beyond aVW will share its MEB electric vehicle platform with Ford, the source said.

Volkswagen's supervisory board is due to discuss deepening the alliance at a meeting on July 11, 2019, a second source told Reuters.Uber has a new competitor in one of its most competitive overseas markets that's backed by Softbank, Hyundai and other big names A VW spokesman declined to comment on the details of a potential alliance but said that talks with Ford are progressing well.

A Ford spokeswoman said,"Our talks with Volkswagen continue. Discussions have been productive across a number of areas. We'll share updates as details become more firm."

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