Ford, Volkswagen sign agreements for cooperation on electric vehicles
Published: Wednesday, 10 June 2020
Carmakers Volkswagen AG and Ford Motor Company have signed agreements that strengthen their global alliance in producing electric vehicles (EVs) and other commercial vehicles for customers in Europe and elsewhere, the companies said in a joint statement on Wednesday June 10.
The deal includes increasing investment by Volkswagen in
Argo Al - a start-up in which Ford already had ownership and
development interests. Argo Al aims to form distinct, highly
capable autonomous-vehicle businesses based on its self-driving
Plans for the agreements were originally announced...