Volkswagen and Ford Announce Strategic Alliance In Autonomous and Electric Vehicles

Volkswagen and Ford are going to join hand for the mutual sake of developing the self-driving as well as electric vehicles. According to some recent reports, two auto giants' strategic collaboration is to cut down billions of dollars in term of manufacturing costs. It is not only supposed to involve in commercial vehicles but in the electrified vehicle technology as well.

Self-driving and fully electric vehicles will be the primary aspects in collaboration

With adherence to the toughened European Emission Norms which will be applied strictly on the development and sale of petrol and diesel vehicles, the German and American automakers are under great pressure to develop EVs in the region. The MEB electric vehicle platform of Volkswagen could be the root of this shared development.

Volkswagen and Ford will share their technologies together for mutual benefits

Both Volkswagen and Ford are working on introducing new EVs to the European market. Currently, the Volkswagen Group is pouring Euro 34 billion into e-mobility and autonomous vehicles before 2022 whilst Ford is investing 4 billion US dollars for self-driving cars and appealing for external investments for the project.

Both Ford and Volkswagen are heading toward the future automobile industry

Ford’s president of global markets, Jim Carley, said that

“Ford is committed to improving our fitness as a business and leveraging adaptive business models-which include working with partners to improve our effectiveness and efficiency. This potential alliance with the Volkswagen Group is another example of how we can become more fit as a business while creating a winning global product portfolio and extending our capabilities.”

This potential alliance can be an opportunity to improve not only the financial term but the environment and the competitiveness of the two companies in the international market as well.

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