The tie-up has been in the works for months and is another in a long string of industry partnerships as auto companies and tech firms try to spread the enormous costs of developing self-driving and electric vehicles.
The need for cost-sharing partnerships is underlined by the current downturn in vehicle sales and predicted changes to ownership models as new technologies are proven.
Volkswagen will invest $2.6 billion in capital and assets in Ford's self-driving unit Argo AI to market new-technology vehicles in the United States and Europe.
The cooperation with VW on electric vehicles in Europe is part of Ford's previously disclosed $11.5 billion EV investment worldwide. The two well-known automotive companies will be collaborating on their autonomous and electric vehicles and technologies considered critical for the future of the industry. The companies said Volkswagen Chief Executive Herbert Diess and Ford CEO Jim Hackett would appear together tomorrow in NY, but provided no additional information in a news release. Over the next three years, VW will also buy an additional $500 million of Argo AI shares from Ford.
Ford may leverage its access to VW's electric-car architecture to comply with stricter European emissions rules. VW, meanwhile, has been working on MEB since 2016 and expects to build 15 million cars using the platform in the next decade.
Sharing the MEB platform with other automakers will increase volume to spread development costs and make EVs "more affordable for consumers, and be better for the environment", said VW CEO Herbert Diess.
California couple sue over fertility clinic foul-up
The Manukyans, who were married in 2007, said that in March 2011, an embryo transfer had resulted in the birth of their daughter. They said two embryos were supposed to be used and the third was discarded. "These children are definitely not ours", Anni said.
Also this year, Ford said it would invest $500 million in US electric vehicle startup Rivian, while Fiat Chrysler is in talks to produce self-driving commercial vehicles with startup Aurora.
The Ford-VW alliance vaults Argo into one of the highest-valued autonomous vehicle development companies in the world.
In January the company's announced a global alliance to help develop commercial vans and medium-sized pickup trucks for global markets beginning as early as 2022.
Analysts at Citi said Ford licensing Volkswagen's MEB platform is a "transformational" step.
Shares of Ford rose 2.6 percent in afternoon trading Friday.
Suppliers familiar with Ford's plans say the No. 2 USA automaker is developing a broader portfolio of electric vehicles, majority crossovers that will carry the Ford and Lincoln brands, for North America and China.
Griezmann's signing is expected to end speculation of Neymar making a sensational return to Barcelona this summer. Griezmann departs Atletico , having scored 133 goals in 257 appearances during his five-year spell at the club.
Globally it was the biggest day of sales in Amazon's history, and Amazon Prime Day 2019 is going to be even bigger. Before you buy, give yourself some time to think about whether you actually need the items you're eyeing.
The Rs 1,000-crore orbiter-lander-rover mission would reach an orbit about 100 km from the Moon in the first week of September. A series of maneuvers will be carried out to raise its orbit and put Chandrayaan-2 on Lunar Transfer Trajectory.
The licensed crypto exchange platform has been hacked 32 million United States dollars worth of crypto assets. When Coincheck was hacked in January 2018, more than $530 million worth of cryptocurrencies were stolen.
He scored 20 tries, the last of which at the time broke South Africa's Test record previously set by Danie Gerber. Small, the so-called bad boy of rugby, made his Test debut for the Springboks in 1992 against New Zealand.
Members of the guard then jump on the submarine-like boat, eventually forcing the top open to reveal the smugglers inside. Boarders have one to two minutes to assess whether they are on a drug-laced vessel about to sink, Brickey said.
Also, the album features a new version of " Hakuna Matata " which has been crooned by Billy Eichner , Seth Rogen , and JD McCrary. American actor Donald Glover knows what it is like to work with "powerhouse" pop-singer Beyonce and called it a "big deal".
The song comes from Sheeran's new album No.6 Collaborations Project, which he released in the early hours of this morning. The Sun reported the pair Wednesday before Christmas in front of about 40 friends and family in Suffolk, England.
Patrick High School in Elizabeth, and Duke University. "35 was chosen in honor of someone very near and dear to me". Durant wrote in the statement that: "35 took my family and me from Seat Pleasant, MD and showed us the world".
The Fed has kept its current benchmark overnight interest rate in a range of between 2.25 percent and 2.50 percent since December. But he warned of economic weakness in other major economies, and a downturn in business investment driven by trade war worries.
Executive Order on Advancing American Kidney Health
Amit Tevar, a transplant surgeon at the University of Pittsburgh Medical Center, who praised the administration's initiatives. The changes won't happen overnight - some of the initiatives will require new government regulations.
Russian S-400 defense systems arrive in Turkey
Turkey has long demanded Washington hand over a Muslim cleric which Ankara holds responsible for an attempted coup in 2016. The US has already halted deliveries of the aircraft to Turkey and suspended the training of Turkish pilots .
Google Translate Instant Camera adds 60 more languages
While that could help in an emergency or awkward situation, the translations offered online are apparently of higher quality. In the past, users might have noticed the translated text would flicker when viewed on your phone , making it hard to read.
Pooja Batra ties the knot with Nawab Shah
Neither Pooja Batra nor Nawab Shah has confirmed about their wedding but their Instagram video hinted at their secret marriage. She has played important tasks in many big Bollywood films like Heritage, Nayak , Hasina, Brother, Ferg, and ABCD2.