Ford and Volkswagen announced a partnership this week. This deal is mostly about electric and autonomous vehicles.
Ford will indeed use Volkswagen MEB platform, which is a modular car platform for electric cars. Until now that MEB was only used by VW and car owned by the company such as Audi, Seat, and Skoda.
Volkswagen on the other side has put $2.3 billion in Argo AI, the autonomous driving company backed up by Ford. In the end, both Ford and VW will own shares of Argo AI.
Outside of electric vehicles, Ford and VW will also work together on the development of midsize pickups and vans.
This is a pretty big deal considering that Ford and VW are both in the top 5 car manufacturers in the world and that is a strong alliance on the Electric and Autonomous vehicles market.