Ford and Volkswagen Are Collaborating To Create New Electric Vehicles and Autonomous Driving Capabilities!

 

The Ford Motor Company and Volkswagen AG announced that the two companies will be collaborating to expand their global alliance! The two companies are also heavily invested in Argo AI a tech company that has big plans for autonomous vehicle technology in the U.S. and Europe. All three companies are now in a better position to serve customers and improve competitiveness and cost efficiencies.

 

Argo AI is a valuable asset to the two auto giants because it’s the first organization with a solid self-driving system with commercial deployment plans for Europe and the U.S. The added resources from Ford and Volkswagen give Argo AI the largest geographic deployment potential of any autonomous driving technology to date.

 

Both Volkswagen and Ford invested in Argo AI, in fact the two auto companies combined own a substantial majority of the company. The remaining stock will be used as an incentive pool for Argo AI employees.

 

“While Ford and Volkswagen remain independent and fiercely competitive in the marketplace, teaming up and working with Argo AI on this important technology allows us to deliver unmatched capability, scale and geographic reach,” Hackett said. “Unlocking the synergies across a range of areas allows us to showcase the power of our global alliance in this era of smart vehicles for a smart world.”

 

Volkswagen has also given Ford the keys to their dedicated electric vehicle architecture and Modular Electric Toolkit (MEB), so that Ford can deliver a high-volume zero-emission vehicle in Europe starting in 2023

 

“Looking ahead, even more customers and the environment will benefit from Volkswagen’s industry-leading EV architecture. Our global alliance is beginning to demonstrate even greater promise, and we are continuing to look at other areas on which we might collaborate,” Diess said. “Scaling our MEB drives down development costs for zero-emissions vehicles, allowing for a broader and faster global adoption of electric vehicles. This improves the positions of both companies through greater capital efficiency, further growth and improved competitiveness.”

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