Ford and Volkswagen join forces to create cars together

Ford is ready to allocate $ 11 billion to the restructuring of its company VW – $ 50 billion dollars from here 2023

] Ford automakers and Volkswagen are planning to build cars together. The two companies announced Tuesday (January 15th) that RBC-Ukraine reported CNN

Car manufacturers have announced that they have signed an agreement on the development of mid-size commercial vans and light-duty trucks from 2022. Companies have also agreed to "Explore" ways to collaborate to develop new generation vehicles, such as electric cars and autonomous cars.

The two companies also stated that they were willing to consider other vehicle programs in the future. Businesses are looking for ways to release billions of dollars for development.

Ford has announced plans to spend $ 11 billion to restructure its business in the coming years, and VW has announced that by 2023, it will spend 44 billion euros ($ 50 billion). dollars) in development. Electric cars and other vehicles.

"You can not do it yourself," said Jim Hackett, Ford's CEO, during a joint performance.

"It is no secret that fundamental changes in our industry are due to widespread electrification." … the transition to self-management and changing consumer preferences. customers, it makes sense to share the investment, to combine innovation capabilities, "said Volkswagen CEO Herbert Diss

Ford is a major player in the US market, just behind GM by sales volume But it does not have much success abroad, it is trying to make a profit in Europe, where the VW dominates Ford has a fairly strong range of vans and SUVs and its F-150 since over 40 years is the best-selling car in the US But in the coming years in the United States, sales of traditional sedans are significantly reduced, while VW was previously very strong in sedans.

Reminder from car manufacturer am Ford Motor recalled 953,000 vehicles worldwide due to defective pillows Security company Takata Japanese equipped cars.