Technology

Ford nears decision to licence VW tech for second European EV

Ford nears decision to licence VW tech for second European EV

Ford Motor Co is nearing a decision to licence Volkswagen AG’s electric vehicle technology for a second model to be sold in Europe, Bloomberg News reported on Thursday, citing people familiar with the matter.

The talks could lead to an agreement in the coming weeks, the report said.

Ford and Volkswagen did not immediately respond to Reuters’ requests for comment.