Sunday, 4 December, 2022

Ford expands electric vehicle deal with Volkswagen

Ford expands electric vehicle deal with Volkswagen

Ford to manufacture additional all-electric vehicle on Volkswagen’s platform, expanding planned line-up for European market.

Ford has expanded its electric vehicle partnership with Volkswagen to add a second car for the European market based on its rival’s platform, report agencies.

The expanded deal will also see the US carmaker doubling its planned volume of vehicles to be produced on Volkswagen’s modular electric-drive platform, or MEB, to 1.2 million units over six years.

Volkswagen management board member Thomas Schmall said the deal would help the companies accelerate up their EV plans.

“Profitability and speed are now crucial for finally achieving the breakthrough of e-mobility in Europe,” Schmall said.

“We are tackling both together with Ford. Today’s agreement will further accelerate the electrification of the two companies.”

Ford’s first model to use the MEB platform is to be produced at Ford’s new state-of-the-art EV manufacturing facility in Cologne, starting next year. Described as a “medium-sized crossover”, it is to be based on the Volkswagen ID 4 vehicle and will be positioned below the Ford Mustang Mach-E in Ford’s line-up.