In the future, Volkswagen and Ford also want to work together on electric vehicles and robot cars. This announced VW CEO Herbert Diess and Ford CEO Jim Hackett in New York.
For VW wants to invest 2.6 billion dollars (2.3 billion euros) in Ford's subsidiary Argo AI for self-driving cars. In return, the Americans want to manufacture hundreds of thousands of vehicles for the European market on VW's e-car platform MEB. AID's current headquarters in Munich will serve as the European headquarters of Argo AI. Ford and VW will keep the deal in the future jointly and in equal shares a clear majority of the daughter.
This makes Ford the first carmaker to use Volkswagens MEB platform, and over six years will be producing more than 600,000 cars for the European market. VW itself will use the kit in the next ten years for 15 million cars. Ford is multi-lingual in the e-cars and is also involved in the Tesla rival Rivian. The development of electric cars and platforms is also expensive: VW has invested more than 6 billion euros in the MEB since 2016 claims.
Location for new VW plant in Eastern Europe still open
VW and Ford had already decided in January to cooperate on light commercial vehicles and negotiated an extended partnership. The fact that large auto companies cooperate is no longer uncommon given high costs, regulatory pressure, low profit margins and difficult market conditions. Most recently, Daimler and BMW also joined forces in robot cars to promote technology for autonomous driving more cost-effectively.
However, the location issue for a new VW plant in Eastern Europe remains open. The plans were "concretized, not finalized," said a spokesman for the VW Supervisory Board. Previously, the Automobilwoche had written that the Supervisory Board had decided to build the new multi-brand plant near Izmir in Turkey. According to dpa information, the decision-making process could still take some time.