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
-
Lucid’s New ‘Stealth Look’ Appearance Package for the Electric Air Sedan Compliments its High Performance DNA
-
Toyota’s Redesigned Prius May Get More Drivers Behind the Wheel of a Hybrid Vehicle
-
Toyota to Collaborate With Texas-based Utility Provider Oncor to Accelerate a Vehicle-to-Grid EV Charging Ecosystem
-
Stellantis to Idle its Illinois Assembly Plant Indefinitely, Citing the High Costs of Electric Vehicles
-
Apple Delays its Long Rumored Electric ‘Apple Car’ Until 2026, According to Sources
-
The World’s First Level-4 Automated Parking Feature Developed by Mercedes-Benz and Bosch is Approved for Commercial Use
-
Hyundai Motor Group Signs MoU with SK On Co. to Secure Batteries for EVs Built in the U.S.
-
Tesla May Build its Next Factory in South Korea, According to the Country’s Presidential Office
- Tesla Challenger NIO Inc Reports its Highest-Ever Monthly Sales in June
- NHTSA Opens Investigations Into Two New Fatal Tesla Accidents
- Hyundai's 2022 IONIQ 5 Electric SUV Awarded an IIHS 'Top Safety Plus' Rating
- Tesla Vehicles Operating in Autopilot Mode Involved in 273 Crashes in Under a Year, the NHTSA Reports
- Volkswagen Announces Pricing and Styling Updates for the 2023 ID.4 Electric SUV, Which is Being Assembled in Tennessee
- Shares of Volvo’s EV Brand Polestar to Begin Trading on the NASDAQ After Closing on its SPAC Deal With Gores Guggenheim
- Mercedes-Benz is Partnering with Game Engine Developer Unity Technologies to Create Immersive, 3D Infotainment Screens and Displays for its Future Vehicles
- EV Startup VinFast is Offering 3 Years of Free EV Charging and Advanced Driver Assist System for Customers That Reserve a Vehicle Through Sept 30
- California DMV Accuses Tesla of Making False Claims About its Driver-Assist Systems
- Vietnam-based Electric Vehicle Startup VinFast Ships its First Vehicles to the U.S.
About Us
Contact Us
Careers