The German concern Volkswagen and the American Ford will jointly produce commercial and electric vehicles, as well as cooperate in the field of autonomous driving.
The corresponding agreement was signed by the heads of both companies, reports Deutsche Welle.
According to the agreement, the draft of which was approved by the Volkswagen Supervisory Board on May 28, Ford will start producing electric cars in Europe in 2023, which will use MEB (Modulare E-Antriebs-Baukasten), developed by a German concern, as the base technology. Volkswagen estimates growth in turnover in the range of 10 to 20 billion dollars from such cooperation. On the basis of MEB, Americans plan to produce more than 600 thousand cars.
On the other hand, Volkswagen will invest $ 1 billion in the American subsidiary Argo Al, which develops technology for unmanned vehicles, and will introduce its own company AID, which is estimated at $ 1.6 billion, into the joint project.
In the commercial vehicle segment, Volkswagen is developing an urban van based on a passenger car, while Ford is developing a van with a carrying capacity of up to one ton. Both companies will release new models. In addition, from 2022 Volkswagen will release its Amarok pickup truck based on the Ford Ranger platform.
It is also reported that the merger of the capital of both concerns this agreement does not provide.