Ford and Volkswagen together produce 8 million cars

Ford and Volkswagen together produce 8 million cars

June 11, 2020 0 By autotimesnews

Ford Motor and Volkswagen AG said they plan to release up to 8 million pickups and commercial vans as part of the alliance.

Corporations intend to collaborate on three major cars. We are talking about the city van that will be built by Volkswagen, the cargo van created by Ford, and the VW pickup truck, developed on the Ranger architecture by 2022.

In addition, the American manufacturer plans to create a new electric car for the European market on the VW MEB architecture by 2023, and he also intends to sell over 600 thousand units. in a few years.

“This partnership will provide an opportunity to effectively reduce creation costs, which will contribute to the expansion of global sales of electric and commercial vehicles, as well as strengthening the positions of both corporations,” said Herbert Diss, CEO of VW, on Wednesday, June 10.

The partnership, in particular, envisages Volkswagen’s investment in Argo, an affiliate with Ford, engaged in the development of AI and unmanned technology. VW is going to invest up to $ 3.1 billion in this company.

In addition, Ford previously added Mild-Hybrid to individual petrol variations of the Fiesta subcompact model.