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  • Volkswagen to join Ford in investing in Argo AI, the autonomous vehicle platform company, at a valuation of more than $7 billion. Tie-up allows both automakers to independently integrate Argo AI’s self-driving system into their own vehicles, delivering significant global scale
  • Ford will use Volkswagen’s electric vehicle architecture and Modular Electric Toolkit (MEB) to design and build at least one high-volume fully electric vehicle in Europe for European customers starting in 2023, more efficiently advancing its promise to deliver expressive passenger cars while taking advantage of Volkswagen’s scale
  • Ford and VW on track to develop commercial vans and medium pickups for each brand in select global markets starting in 2022; sharing development costs to generate significant synergies
  • The Volkswagen-Ford global alliance – which does not involve cross-ownership between the companies – is expected to create annual efficiencies for each company

Ford Motor Company and Volkswagen AG today announced they are expanding their global alliance to include electric vehicles – and will collaborate with Argo AI to in-troduce autonomous vehicle technology in the U.S. and Europe – positioning both companies to better serve customers while improving their competitiveness and cost and capital efficiencies.

Media contacts

Dr. Marc Langendorf
Head of Corporate Communications
Tel. +49 (0) 5361 / 9-34474
Pietro Zollino
Volkswagen Media Relations
Tel. +1-703-364-7016
Dr. Christoph Ludewig
Deputy Head of Corporate Communications
Tel. +49 (0) 5361 / 9-87575
Oliver Larkin
Volkswagen Investor Relations
Tel. +49 (0) 5361 / 9-49840
Andreas Buchta
Volkswagen Investor Relations
Tel. +49 (0) 5361 / 9-40765
Jennifer Flake
Ford Communications
Tel. +1 313.903.0429
Dan Pierce
Ford Communications
Tel. +1.313.590.9379
Michael Baumann
Ford Communications
Tel. +49.152.5495.2780
Lynn Antipas Tyson
Ford Investor Relations: Equity Community
Tel. +1 914.485.1150
Karen Rocoff
Ford Investor Relations: Fixed Income Community
Tel. +1 313.621.0965
Alan Hall
Argo AI Communications
Tel. +1.734.845.4410