Ford and Volkswagen joined forces on Friday to develop electric cars and automated driving and are evaluating other areas of cooperation, deepening a global alliance to reduce manufacturing costs.
Ford and VW had already begun to cooperate in the area of commercial vehicles as part of their efforts to restructure production and improve sales, in order to meet stricter regulatory standards and market fragmentation.
VW will invest US $ 2,600 million in the Argo AI, Ford’s automated driving project, while the US company will manufacture an electric vehicle using the MEB platform of Volkswagen, the two companies announced.
“Our global alliance is beginning to show even greater promise and we continue to evaluate other areas in which we could collaborate,” said Volkswagen CEO Herbert Diess.
Ford expects to develop more than 600,000 electric vehicles using components and systems for VW vehicles, which helps both automakers reduce costs.