Monthly journal Parking Review has been the definitive source of news and intelligence on the UK and international public and private parking sectors since 1989.

VW and Ford form self-driving and electric car pact

01 August 2019
 

Volkswagen and Ford will work together on developing self-driving and electric vehicles in a move designed to reduce costs on new technologies. The car-makers see the partnership as giving them global scale in new technology.

VW will invest $2.6bn (£2.1bn) in Ford's self-driving unit, which is valued at $7bn. It will become an equal stakeholder in Ford's self-driving cars venture, while Ford will get access to VW's electric vehicle technology.

VW chief executive Herbert Diess said...

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