- Will collaborate on commercial vehicles – city van created and
built by Volkswagen Commercial Vehicles and later 1-ton cargo van
engineered by Ford, plus Volkswagen medium pickup built on Ford
Ranger platform – from 2022
- During the lifecycles of the products, the companies expect to
produce up to a combined 8 million of the three commercial vehicles
included in the commercial relationship
- Ford to build new electric vehicle for Europe based on
Volkswagen’s Modular Electric Drive toolkit beginning in 2023;
could approach a multiyear 600,000-plus units
- With Volkswagen’s investment last week in Argo AI, Ford and
Volkswagen will work with Argo AI to independently develop AVs at
scale based on Argo AI’s innovative self-driving technology
- Relationship does not involve cross-ownership between the two
companies, is expected to create significant efficiencies for both
companies
Ford Motor Company and Volkswagen AG today signed agreements
that expand their global alliance to meet rapidly evolving needs of
their respective customers in Europe and other regions by
leveraging complementary strengths in midsize pickup trucks and
commercial and electric vehicles.
Plans for the agreements were first announced by Ford and
Volkswagen last July.
The companies expect the alliance to enhance ownership
experiences for current and future customers by more rapidly
innovating vehicle offerings, incorporating relevant new
technologies, delivering better utility and offering more model
choices. They anticipate continued growth in global industry demand
for commercial vehicles and for high-performing electric vehicles
to add valuable scale to their individual product portfolios.
The alliance will:
- Produce a medium pickup truck engineered and built by Ford, for
sale by Volkswagen as the Amarok starting in 2022 within the
Volkswagen Commercial Vehicles lineup
- Further strengthen the commercial-vehicles businesses of both
companies as early as 2021 – with a city delivery van based on the
latest Caddy model, developed and built by Volkswagen Commercial
Vehicles and later a 1-ton cargo van created by Ford, and
- Lead to a highly differentiated Ford electric vehicle for
Europe by 2023 built on Volkswagen’s Modular Electric Drive, or
MEB, toolkit, expanding on Ford’s zero-emission capabilities in the
region
During the lifecycles of the products, the companies expect to
produce up to a combined 8 million of the medium pickup truck and
both commercial vans included in the commercial relationships.
“In light of the Covid-19 pandemic and its impacts on the global
economy, more than ever it is vital to set up resilient alliances
between strong companies,” said Volkswagen Group CEO Dr. Herbert
Diess. “This collaboration will efficiently drive down development
costs, allowing broader global distribution of electric and
commercial vehicles, and enhance the positions of both
companies.”
“This alliance comes at a time of tremendous enthusiasm about
the intersection of increasingly intelligent, connected vehicles in
an ever-smarter world,” said Ford CEO Jim Hackett. “This creates a
huge opportunity to innovate and solve many of the world’s
transportation challenges and deliver extraordinary benefits to
customers – even as companies need to be selective about how they
use their cash.”
Ford and Volkswagen both have strong commercial van and pickup
businesses around the world, including popular models such as
Ford’s Transit and Ranger and Volkswagen Commercial Vehicle’s
Transporter, Crafter, Caddy and Amarok.
“Commercial vehicles are fundamental to Ford today and an area
where we will accelerate and grow, and working with Volkswagen on
these platforms will provide both of us significant financial
advantages in things like engineering, and plants and tooling,”
said Jim Farley, Ford chief operating officer. “Separately, Ford
will add battery electric versions of Transit and F-150 in the next
24 months for commercial customers who increasingly need zero
emissions and the power of connectivity, data and artificial
intelligence.”
“The collaboration with Ford is a key building block of our GRIP
2025+ strategy and part of the current transformation of Volkswagen
Commercial Vehicles,” said Thomas Sedran, chairman of the board of
management of Volkswagen Commercial Vehicles. “This long-term
cooperation with Ford will strengthen our very good position in
area of light commercial vehicles, especially in our core European
markets, and is proof that we are successfully implementing our
plan step by step.”
Ford’s use of Volkswagen’s MEB architecture in Europe will
represent another cornerstone in Volkswagen’s electric vehicle
strategy, and further efforts by both companies to fulfill their
commitments to the Paris 2015 Agreement. Volkswagen and Ford plan
to explore additional ways to cooperate on electric vehicles.
Over several years starting in 2023, Ford could deliver 600,000
electric vehicles atop the MEB architecture, which is designed to
combine space and performance with electric drive. The vehicle,
which will be designed and engineered by Ford in Cologne-Merkenich,
will add another compelling nameplate to its own all-electric
Mustang Mach-E, which will be introduced in 2021.
Additionally, the companies will both work with Argo AI to form
distinct, highly capable autonomous-vehicle businesses based on
Argo AI’s self-driving technology. Last week, Volkswagen closed its
previously announced investment in Argo AI, the Pittsburgh-based
company in which Ford already had ownership and development
interests.
Volkswagen and Ford independently choosing to invest in Argo AI
illustrates the technical leadership and progress of Argo AI’s
self-driving system, and how alliances can help enable development
of breakthrough technologies that require substantial time and
resources. Argo AI’s SDS is the first with commercial deployment
plans for both Europe and the U.S. The global reach of Ford and
Volkswagen will give Argo AI’s platform the largest geographic
deployment potential of any autonomous driving technology to date.
Reach and scale are important factors in developing an SDS that is
robust and cost efficient.
The Volkswagen/Ford alliance does not include cross-ownership
between the companies, which will remain competitors in the
marketplace.
About Ford Motor Company
Ford Motor Company is a global company based in Dearborn,
Michigan. The company designs, manufactures, markets and services a
full line of Ford cars, trucks, SUVs, electrified vehicles and
Lincoln luxury vehicles, provides financial services through Ford
Motor Credit Company and is pursuing leadership positions in
electrification; mobility solutions, including self-driving
services; and connected services. Ford employs approximately
188,000 people worldwide. For more information regarding Ford, its
products and Ford Motor Credit Company, please visit
corporate.ford.com.
About Volkswagen Group
The Volkswagen Group, with its headquarters in Wolfsburg, is one
of the world’s leading automobile manufacturers and the largest
carmaker in Europe. The Group comprises twelve brands from seven
European countries: Volkswagen Passenger Cars, Audi, SEAT, ŠKODA,
Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen
Commercial Vehicles, Scania and MAN. The passenger car portfolio
ranges from small cars all the way to luxury-class vehicles. Ducati
offers motorcycles. In the light and heavy commercial vehicles
sector, the products range from pick-ups to buses and heavy trucks.
Every weekday, 671.205 employees around the globe produce on
average 44,567 vehicles, are involved in vehicle-related services
or work in other areas of business. The Volkswagen Group sells its
vehicles in 153 countries. In 2019, the total number of vehicles
delivered to customers by the Group globally was 10.97 million
(2018: 10.83 million). The passenger car global market share was
12.9 percent. Group sales revenue in 2019 totaled EUR 252.6 billion
(2018: EUR 235.8 billion). Earnings after tax in the fiscal year
now ended amounted to EUR 14.0 billion (2018: EUR 12.2
billion).
About Volkswagen Commercial Vehicles
‘We transport success’. As a stand-alone brand within the
Volkswagen Group, Volkswagen Commercial Vehicles (VWCV) is
responsible for the development, construction and sales of light
commercial vehicles. They include the Transporter, Caddy and Amarok
ranges, which are produced in Hannover (D), Poznań (PL), Września
(PL) and Pacheco (ARG). Our vehicles transport construction
workers, families and adventurers, bread rolls, parcels and
surfboards. Every day they help countless people all over the world
to do a good job, they operate as mobile workshops and they bring
paramedics and the police to wherever they are needed. Within the
Volkswagen Group, Volkswagen Commercial Vehicles is also the lead
brand for Autonomous Driving, Mobility as a Service (MaaS) and
Transport as a Service (TaaS), and in future will therefore be
developing and producing corresponding Special Purpose Vehicles
(SPV), such as robo-taxis and robo-vans. In this way we are
transporting an entire society, with all its requirements for
clean, intelligent and sustainable mobility. Working at the
company’s sites around the globe are more than 24,000 employees,
including around 15,000 at the Hannover site.
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version on businesswire.com: https://www.businesswire.com/news/home/20200610005368/en/
Volkswagen Media Relations Dr.
Christoph Ludewig +49 152.5887.0705
christoph.ludewigf@volkswagen.de
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Eric Felber +49 551.798.4762 eric.felber@volkswagen.de
Volkswagen Investor Relations
Andreas Buchta +49.5361.940765 Andreas.buchta@volkswagen.de
Ford Media Relations Michael
Baumann +49.152.5495.2780 mbauman9@ford.com
Ian Thibodeau +1.313.268.6056 ithibode@ford.com
Ford Investor Relations Lynn
Antipas Tyson +1.914.485.1150 ltyson4@ford.com
(Fixed Income) Karen Rocoff +1.313.621.0965 krocoff@ford.com
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