Two of the world’s biggest carmakers, Ford Motor Company and Germany’s Volkswagen AG, are in discussion to set up a joint venture to develop self-driving cars, and could announce a deal as early as this month, The Wall Street Journal reported on Friday, quoting people familiar with the issue. As the legacy automakers clamor for a piece of the future autonomous vehicle market, a potential Ford-VW self-driving car joint venture could rival Silicon Valley car developers such as Tesla and Alphabet’s Waymo. In June this year, Ford and Volkswagen—whose combined sales account for around a fifth of all new passenger cars sold in the world— said that they are exploring a strategic alliance, including developing a range of commercial vehicles together. The potential alliance would not involve equity arrangements, including cross ownership stakes, the carmakers said in June. A month later, Ford created in July a separate company, Ford […]