Ford, Volkswagen expand alliance to electric autos

Ford, Volkswagen expand alliance to electric autos

NEW YORK: Auto giants Volkswagen and Ford announced Friday they were expanding their alliance to include the development of self-driving cars. The announcement accelerates cooperation among otherwise competing global auto giants as they face enormous costs in developing new electric vehicle and self-driving technologies. Volkswagen will invest USD2.6 billion in capital and assets in Ford's self-driving unit Argo AI to market new-technology vehicles in the United States and Europe.

Read more at 
The Times of India

Timeline

.......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
.......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
.......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........

In-depth coverage

Read more top Business stories on Crisp