Ford, Volkswagen extend multibillion-dollar alliance to electric, automated cars

(Reuters) - Ford Motor Co and Volkswagen AG said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs.How soon those investments will pay for themselves is an open question across the global auto industry.Ford and VW executives said the latest collaborations could save hundreds of millions of dollars for each company. But the projects will take time. The transitions to electric and..