Ford – Volkswagen expand their global collaboration to advance autonomous driving, electrification and better serve customers

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Dr. Marc Langendorf
Dr. Marc Langendorf
Corporate Communications Head of Corporate Communications
Pietro Zollino
Pietro Zollino
Volkswagen Group Communications Volkswagen Group | Deputy Head of Group Communications & Head of Corporate Communications
Dr. Christoph Ludewig
Dr. Christoph Ludewig
Corporate Communications Head of Corporate Communications
Oliver Larkin
Oliver Larkin
Volkswagen Investor Relations
Andreas Buchta
Andreas Buchta
Volkswagen Investor Relations
Jennifer Flake
Jennifer Flake
Ford Communications
Dan Pierce
Dan Pierce
Ford Communications
Michael Baumann
Michael Baumann
Ford Communications
Lynn Antipas Tyson
Lynn Antipas Tyson
Ford Investor Relations: Equity Community
Karen Rocoff
Karen Rocoff
Ford Investor Relations: Fixed Income Community
Alan Hall
Alan Hall
Argo AI Communications
  • Volkswagen to join Ford in investing in Argo AI, the autonomous vehicle platform company, at a valuation of more than $7 billion. Tie-up allows both automakers to independently integrate Argo AI’s self-driving system into their own vehicles, delivering significant global scale
  • Ford will use Volkswagen’s electric vehicle architecture and Modular Electric Toolkit (MEB) to design and build at least one high-volume fully electric vehicle in Europe for European customers starting in 2023, more efficiently advancing its promise to deliver expressive passenger cars while taking advantage of Volkswagen’s scale
  • Ford and VW on track to develop commercial vans and medium pickups for each brand in select global markets starting in 2022; sharing development costs to generate significant synergies
  • The Volkswagen-Ford global alliance – which does not involve cross-ownership between the companies – is expected to create annual efficiencies for each company

New York. Ford Motor Company and Volkswagen AG today announced they are expanding their global alliance to include electric vehicles – and will collaborate with Argo AI to in-troduce autonomous vehicle technology in the U.S. and Europe – positioning both companies to better serve customers while improving their competitiveness and cost and capital efficiencies.

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