Meanwhile Ford and Volkswagen AG formally agreed to dissolve their eight-year-old Autolatina SA joint venture in Brazil and Argentina. The split should be completed within a year, Ford says. Autolatina -- Brazil's largest non-state-owned company and Argentina's second-largest automaker -- is 51% owned by VW and 49% owned by Ford. The company has 47% of the Brazilian market and a 30% share in Argentina.
Advertisement
Meanwhile Ford and Volkswagen AG formally agreed to dissolve their eight-year-old Autolatina SA joint venture in Brazil and Argentina. The split should be completed within a year, Ford says. Autolatina -- Brazil's largest non-state-owned company and Argentina's second-largest automaker -- is 51% owned by VW and 49% owned by Ford. The company has 47% of the Brazilian market and a 30% share in Argentina. Both automakers, which reportedly split over differences in responding to a resurgent General Motors Corp., will
