| 9:21 AM EST

Report: Ford, VW to Expand Joint EV-Program

#Ford #Skoda #europe


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Ford Motor Co. appears likely to decide soon on details of a plan to expand its use of Volkswagen AG’s electric-vehicle platform.

Ford of Europe President Stuart Rowley notes that producing only one electric model isn’t financially feasible. He tells German business daily Handelsblatt that Ford and VW could announce details soon about new EVs.

Ford announced in July that it will use VW’s EV-specific “MEB” chassis for its first European all-electric vehicle, which will debut in 2023. At the time, Ford said it intends to sell more than 600,000 MEB-based vehicles in Europe by 2029.

VW has spent $7 billion to develop its MEB platform, which will be used for EVs sold by its Audi, SEAT, Skoda and VW brands.

Last week Ford said that more than half the cars it sells in Europe will be electrified by the end of 2022.