A spokesman for the German state of Lower Saxony, the largest single shareholder in Volkswagen AG, has today denied that there is any truth in reports that Ford Motor Co. will take a stake in the German car maker.
According to a report in Germany’s Welt am Sonntag, Ford is interested in a strategic partnership and possibly an equity stake in VW.
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Through such an alliance, Ford could solve some of the problems faced by its Ford Werke AG unit in Germany.
