Ford and Volkswagen expand global collaboration to include EVs, invest in Argo AI
Green Car Congress
JULY 12, 2019
As part of the transaction, Volkswagen also will purchase Argo AI shares from Ford for $500 million over three years. Ford plans to design an all-new, MEB-platform-based EV model, which starts arriving in 2023, in Köln-Merkenich, Germany. Volkswagen will invest $2.6 where together they plan deployment of commercial services.
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