Ford, Volkswagen sign agreements for cooperation on electric vehicles

By Dalila Ouerghi
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 technologies.

Plans for the agreements were originally announced...

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