Jul 12, 2019
Volkswagen and Ford team up on self-driving and electric cars
AFP Volkswagen and Ford have said they will work together on developing self-driving and electric cars in an attempt to reduce costs on new technologies. The agreement is the latest example of once fierce industry rivals joining up to develop new technologies. In February, BMW and Daimler unveiled a joint venture covering new-generation services such as driverless vehicles, ride-hailing, and pay-per-use cars. As part of the deal, VW will become an equal stakeholder in Ford's self-driving cars venture, while Ford will get access to VW's electric vehicle technology. Car firms are also facing new competitors in the industry such as Google and Uber which are also working on self-driving vehicles and have access to enormous financial resources.
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