- 12th July 2019
- Posted by: Muff lbr
- Category: Innovation, Technology
- Ford Motor and Volkswagen officially announced the expansion of their global “collaboration” Friday morning, adding autonomous and electrified vehicles to their list of projects.
- The automakers will remain “independent and fiercely competitive in the marketplace,” Ford CEO Jim Hackett said in a statement.
- Several senior executives who have discussed the Ford-VW plans in recent days said there were a number of potential advantages to the collaboration.
Ford Motor and Volkswagen officially announced the expansion of their global collaboration Friday morning, adding autonomous and electrified vehicles to the list of joint projects that began with January’s announcement of a joint venture covering commercial vehicles.
The expanded alliance now will add two of the most significant, albeit costly, technologies expected to dramatically reshape the global auto industry over the coming decades. The high costs involved in the development of self-driving and battery-electric vehicles already have fostered a series of joint ventures and other collaborations across the auto industry, often involving traditional competitors like General Motors and Honda, as well as BMW and Daimler.