Friday, November 22, 2019

Mexico manufacturing: Ford and Volkswagen, allies in the electric car business









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 2.6 billion dollars in the Argo AI, Ford's automated driving project, while the US company will manufacture an electric vehicle using Volkswagen's MEB platform, both companies announced.

"Our global alliance is beginning to show even greater promises and we continue to evaluate other areas in which we could collaborate," said Volkswagen chief executive 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. (Report by Edward Taylor. Edited in Spanish by Marion Giraldo)


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