Ford, Volkswagen Promise Details on Electric & Autonomous Vehicle Partnership
【Summary】Automakers Ford Motor Co and Volkswagen AG said on Thursday they are expanding their global alliance. Further details on a technology-sharing agreement are expected to be announced at New York press conference on Friday.
HAMBURG/DETROIT (Reuters) - Automakers Ford Motor Co and Volkswagen AG said on Thursday they are expanding their global alliance that was first announced in January. The two automakers said that potential deals are expected to involve collaboration on electric and autonomous vehicles.
Further details on a technology-sharing agreement are expected to be announced at New York press conference on Friday. The companies said Volkswagen Chief Executive Herbert Diess and Ford CEO Jim Hackett would appear together tomorrow in New York, but provided no additional information in a news release.
The automakers could outline more than one agreement. One potential element could be an investment by Volkswagen in Argo AI, the self-driving and robotics company majority owned by Ford.
The value of VW's contribution to the collaboration is more than $2 billion, including about $1 billion invested, said two industry sources who requested anonymity discussing the deal.
resource from: Reuters
German Car Rental Company Nextmove Cancels its $5M Tesla Order Over Quality Issues
NIO Co-founder and Former VP Resigns from the Company
Volkswagen Reports a 3.3% Drop in Vehicle Deliveries for July
U.S. Automakers GM, Ford Planning for Possible Economic Downturn
Tesla Owner Files Lawsuit Claiming the Automaker Reduced the Battery Power of the Model S
Ride-Hailing Giant Uber Posts $5 Billion Loss as Growth Slows
Honda to Recall 222,674 Accord Models in China Over Engine Problems
Audi Unveils e-tron Electric Scooter, Skateboard Combo
- Chinese Automaker BAIC Buys a 5% Stake in Daimler
- Head of the NHTSA to Resign Amid the Trump Administration’s Push to Rollback Fuel Economy Standards
- BMW Appoints Oliver Zipse as its New CEO as the Carmaker Shifts Focus to Electric & Self-Driving Cars
- Tesla Delivers a Record Number of Electric Vehicles in the Quarter
- Tesla Received a ‘Cease and Desist’ Letter From U.S. Regulators Last Year Over Model 3 Safety Claims
- Teaching Autonomous Cars to Drive in Parking Lots Is a Tricky Test for Waymo
- Audi Recalling Electric e-tron SUV Over Battery Fire Risk
- NIO Co-founder and Former VP Resigns from the Company
- U.S. Automakers GM, Ford Planning for Possible Economic Downturn
- Tesla Denied Tariff Exemption for Chinese-made CPU in the Model 3