FRANKFURT (Reuters) – Volkswagen on Monday stated it has deepened its e-mobility partnership with Ford underneath which the U.S. carmaker will produce a second electric vehicle for the European market based mostly on its German rival’s platform.
“Profitability and pace at the moment are essential for lastly attaining the breakthrough of e-mobility in Europe. We are tackling each along with Ford,” Volkswagen administration board member Thomas Schmall stated.
“Today’s settlement will additional speed up the electrification of the 2 corporations.”
(Reporting by Christoph Steitz; Editing by Miranda Murray)
