Ford and VW are partnering on AV and EV efforts – enabling them to speed up development times and reduce individual investments:
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Transportation & Logistics Briefing subscribers.Ford and Volkswagen have taken their existing partnership to the next level with two new initiatives that will advance their respective autonomous vehicle and electric vehicle efforts.in January 2019 with a focus on EVs, AVs, and mobility services.
Partnering on new technologies such as AVs and EVs enables companies to speed up development times and reduce their individual investments. Together, companies can split the cost of developing a new technology while combining their best assets to bring solutions to market faster. For example, because the talent pool of engineers and developers who specialize in self-driving and electric technology is limited, partnerships allow the companies to combine their resources for mutual benefit rather than recruiting talent away from each other.
Partnering on next-generation vehicle technology is a strategy that has been employed by German automakers BMW and Daimler, which
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