Ford & Volkswagen Set to Detail Partnership Tuesday Morning

DETROIT (CBS Detroit/ AP) — Reports indicate that Ford and Volkswagen have scheduled conference call Tuesday morning to announce details of a partnership that's been in the works for the past couple of months.

Volkswagen CEO Herbert Diess (Dees), Ford CEO Jim Hackett and other executives will be on the call.

The two have been discussing sharing costs for the development of electric and autonomous vehicles, as well as the possibility of sharing some factory space.

VW announced Monday that it would spend $800 million at its factory site in Chattanooga, Tennessee, to build new electric vehicles.

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