Volkswagen zooms ahead in extension of alliance with Ford to electric, automated cars
Friday, 12 July 2019 Ford Motor Co and Volkswagen AG said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs while positioning VW as the initial winner.
Ford and Volkswagen joined forces to develop autonomous and electric cars on Friday and said they were also looking at other areas of cooperation, deepening a global alliance to slash development and manufacturing costs. Francis Maguire reports.
Audi to Cut 7,500 Jobs. The automaker plans to reduce its global workforce by 10% within the next six years. The company said the cuts will be achieved through retirement and turnover. Audi will also..