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Volkswagen, Ford deepen electric vehicle cooperation -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: The ID. Buzz, iconic car of the Volkswagen model, is seen throughout its world premiere in Paris, France, March 9, 2022. REUTERS/Benoit Tessier

FRANKFURT (Reuters) -Volkswagen on Monday stated it has deepened its e-mobility partnership with Ford below which the U.S. carmaker will produce a second electrical car for the European market based mostly on its German rival’s platform.

As a part of the expanded cooperation, Ford will double its deliberate quantity of autos to be produced based mostly on Volkswagen (DE:)’s modular electric-drive platform, often called MEB, to 1.2 million items over a six-year time-frame.

“Profitability and velocity are actually essential for lastly reaching the breakthrough of e-mobility in Europe. We’re tackling each along with Ford,” Volkswagen administration board member Thomas Schmall stated.

“In the present day’s settlement will additional speed up the electrification of the 2 firms.”

Ford’s first mannequin to make use of the MEB platform will likely be an all-electric crossover, to be produced at Ford’s Cologne plant from 2023.

The carmaker, which earlier this month stated it’ll enhance spending on electrical autos to $50 billion by means of 2026, has not offered any particulars on the second mannequin.

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