Ford

    • Volkswagen invests $2.6bn in self-driving start-up

      Volkswagen invests $2.6bn in self-driving start-up

      VW Group is investing $2.6bn in capital and assets into Argo AI, the Pittsburgh-based autonomous vehicle start-up that burst onto the scene two years ago with $1bn in backing from Ford, news wires reported. Separately, the companies announced plans to expand their global alliance to include electric vehicles. The alliance covers collaborations outside of Volkswagen and Ford’s joint investments in Argo AI, according to the announcement.

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    • Ford autonomous vehicle service delayed until 2022

      Ford autonomous vehicle service delayed until 2022

      Ford's Autonomous Vehicle Program will be postponed until 2022, including the company's Lincoln Electric Vehicle program with Rivian. According to Techcrunch's latest report, Ford announced on Tuesday, 28 April, that the company will be delaying its plans to launch an autonomous vehicle service since the company has to rethink its go-to-market strategy because of the coronavirus pandemic. The announcement was included in its quarterly earnings.

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    • Honda closes its only British factory as Brexit looms

      Honda closes its only British factory as Brexit looms

      The Japanese automaker Honda has become the latest business to announce plans to leave Britain as global forces reshape the car industry and the country prepares to exit the European Union. On Tuesday the carmaker confirmed it will shut down its only manufacturing plant in the EU, which lies in the English town of Swindon and currently employs 3,500 people. Thousands more jobs will be also put at risk at suppliers and other businesses.

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    • Ford, VW to announce global alliance today

      Ford, VW to announce global alliance today

      Volkswagen Group and Ford Motor are expected to unveil an alliance on Tuesday that would reportedly combine forces on commercial vehicles and is likely to expand into joint development of electric and self-driving technology. Even though the details of the partnership are still a mystery, the move is aimed at saving the automakers billions of dollars.

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