Ford and Volkswagen today confirmed they will begin a joint venture to build and share vans and pickups from 2022. They will join forces in a bid to reduce costs and create new ranges of electric and self-driving cars, they announced at the Detroit Motor Show. Sales will begin in 2022 and will boost profits from 2023 and “Over time, this alliance will help both companies create value and … [Read more...]
Newslines 16 January
Ford is rolling out an $11 Billion powertrain investment over four years. It plans to introduce 40 hybrid and fully electric vehicles into its range, chairman Bill Ford said on the eve of the Detroit Motor Show. Volkswagen is pouring $3.3 Billion into expanding its US model range in the wake of the sales collapse there following its diesel emissions cheating. It will lead the offensive … [Read more...]