VW, Ford team up to make autonomous, electric vehicles

Arab News | Jul 13, 2019 at 10:35 PM
  • 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 while positioning VW as the initial winner.
  • VW has agreed to plow $3.1 billion into Ford’s Argo AI self-driving unit.
  • Ford expects to build more than 600,000 electric vehicles in Europe over six years, sourcing components and the vehicle underpinnings from VW, helping both to cut costs.