Ford and VW are negotiating partnerships

Ford and VW are negotiating partnerships

March 29, 2019 0 By autotimesnews

In the event of a merger, two major players in the global automotive arena will engage in the development of autonomous vehicles. The agreement may be signed within a few months.

Ford and Volkswagen are negotiating a joint venture to create autonomous control systems. According to a foreign publication, Automotive News, these two companies may make a deal in the coming months.

“We are in constructive negotiations to acquire a stake in Argo, a division of Ford to create autonomous driving systems.”

“It is also possible to create a joint company that will offer mobility as a service,” said Thomas Sedran, director general of Volkswagen Commercial Vehicles, in an interview with Automotive News.

According to the agreement reached, Ford and Volkswagen will share ownership of the joint venture in equal shares. It is assumed that VW intends to invest $ 1.1 billion in a joint venture aimed at developing advanced technologies for autonomous driving.

In 2017, Ford invested a large amount of US $ 1 billion in its Argo division to create a level 4 and 5 autonomous driving system. In 2018, the company launched several pilot programs in Miami, Florida, to evaluate the performance of technologies in the real world.

American Ford is also in talks with German VW to provide access to the platform for MEB electric vehicles, especially for vehicles for Europe and China.

In the past few years, Ford and VW have formed a close relationship. At the North American International Auto Show in 2019, they announced that the next-generation VW Amarok pickup will share the platform with an updated Ford Ranger pick-up.