Ford, Volkswagen to share details on EV, AV alliance Friday
Reuters via autonews.com
July 11, 2019
Ford Motor Co. and Volkswagen Group said Thursday they are expanding their global alliance announced in January with deals that are expected to involve collaboration on electric and autonomous vehicles.
The two companies are expected to announce further details on an agreement to share electric and autonomous car technologies at a press and investor conference at 8 a.m. Friday, which will be livestreamed. They said Volkswagen CEO Herbert Diess and Ford CEO Executive Jim Hackett would appear together, but provided no additional information in a news release.
The automakers could outline more than one agreement. One potential element could be an investment by Volkswagen in Argo AI, the self-driving vehicle systems company majority owned by Ford.
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