- 15 July 2019
- Transport / Logistics Services
Volkswagen and Ford are to deepen their collaboration, including electric vehicles and autonomous vehicle technology. The two companies are going to work with Argo AI to introduce autonomous vehicle technology in the US and Europe.
The move follows a recent call from the VW Chairman calling for easing of competition regulations to allow for cooperation between automotive companies on electric vehicle technology.
Under the deal, VW and Ford will use Argo AI’s self driving system into specially designed vans and cars according to their particular interests. Argo AI will then develop its autonomous driving system to Level 5 (full automation) for large scale manufacturing of cars and cans.
Ford and VW are to invest a combined $7 billion in Argo AI, with equal shares in the business.
As well as working with Argo AI, Ford is going to use VW designed technology in its full electric vehicles that are due to be released in Europe in 2023.. It plans to make more than half a million cars and vans over six years using VW’s Modular Electric Toolkit (MEB).
“While Ford and Volkswagen remain independent and fiercely competitive in the marketplace, teaming up and working with Argo AI on this important technology allows us to deliver unmatched capability, scale and geographic reach,” said Ford president and chief executive, Jim Hackett. “Unlocking the synergies across a range of areas allows us to showcase the power of our global alliance in this era of smart vehicles for a smart world.”