Image by Getty Images via DaylifeThe domestic automakers are in a rut right now, with the exception of Chrysler, which just posted a healthy profit for the quarter. Ford and GM are bleeding money fast, trying to keep up with the rapidly changing consumer needs.
The struggle facing both companies is the high cost of developing new, fuel efficient engines to meet customer demand. In a move that could help fuel both companies bring new cars to market quickly and lower costs, the two are discussing a possible collaboration to share engine and powertrain technology. Both automakers already have some new products in the pipeline to combat high fuel costs.
Ford will introduce the first in a line of EcoBoost engines next year, beginning with the new Lincoln MKS. GM will also be rolling out the Chevy Volt by the end of 2010 in a limited supply.
Collaborating on future powertrains and sharing current technology could lower costs for both companies substantially. According to reports GM actually approached Ford about joining forces months ago, and after Dearborn's board of directors voted to authorize further discussions there were three meetings between the two automakers regarding powertrain development. And while a formal agreement has yet to be reached, things are said to be progressing smoothly and covering a wide range of possible collaborations. Neither company will confirm or deny these reports.
This wouldn't be the first time the two automakers joined forces. Recently they both joined forces to develop a six speed automatic transmission that has been used successfully in several vehicles across many product lines today.
While this all seems like blasphemy to the die hard contingency of loyal Chevy and Ford fans, it really is a good idea. I for one have nothing against foreign automakers but I have grown tired of seeing them take over the market. What's wrong with Americans teaming up to make the country stronger, and helping to protect some of our blue collar work force?
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