Rumours of a VW and Ford tie-in have been circulating since the start of the month, with speculation that the brands will also develop electric vehicles together. Diess today confirmed the joint development of commercial vehicles is "core to the alliance", and went on to say that bosses had "identified other potential cooperation with Ford outside of commercial vehicles".
However, Diess denies the relationshp will extend to a rumoured full merger with Ford, claiming "that was never the objective of our talks".
At today's conference, Diess also revealed the Group has increased its five-year investment into electric vehicles, autonomous and connected technology from €34bn to €44bn, around a third of the car maker's total expenditure for the period. Of that sum, €30bn will be put into electric mobility, including everything from platform and powertrain development to infrastructure investment.