Ford Motor Co. and Volkswagen AG, which have been in talks to team up on electric and autonomous vehicles, make for good partners because both recognize the extent of the challenges ahead, according to Bill Ford, executive chairman of the U.S. automaker.
"We fit together geographically really well, product line-wise, we fit together well," Bill Ford, the great-grandson of founder Henry Ford, said Tuesday at the CERAWeek energy conference in Houston. "We both came to the same realization that as big as our balance sheets are, no company can do this alone."
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