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German auto manufacturer Volkswagen, and American auto giant Ford, have made their Joint Venture official. As part of the new partnership, Ford will manufacture a new electric vehicle that is based on VW's Modular Electric Drive. The new vehicle is expected to launch during 2023.
The partnership also results in Ford becoming the first manufacturer outside of the Volkswagen Group to use the German manufacturer's MED platform.
The Ford Motor Company said they would build as many as six lakh electric vehicles for the European markets over the next six years. Industry speculation is that the upcoming Volkswagen-Ford built electric vehicle will bear resemblance to the Volkswagen ID.3.
Ford plans to develop over 6,00,000 electric vehicles based on the MEB platform over the next six years for European markets. Details regarding the Ford-Volkswagen EV are scarce, but we expect it to be similar to VW's ID.3.
The joint venture will also see VW and Ford manufacture a pick-up based on the Ford Ranger, and two commercial vans. Rumor has it that the new pick-up truck will be called the Volkswagen Amarok, and will be launched during 2022.
In Volkswagen related news, the brand's Tiguan AllSpace SUV has begun arriving at dealerships across the country, and deliveries are expected to begin shortly.
The seven-seater was launched at Rs 33.12 lakh, ex-showroom, during March this year, but dispatch and delivery was temporarily suspended because of the Covid-19 ciris and the subsequent lockdown that was enforced. To know more about the VW Tiguan AllSpace, click here.
In Ford related news, the brand recently unveiled its Mustang Mach 1 2021 model. The unveil saw the American manufacturer resurrect the Mach 1 moniker after 17 years.
Highlights of the Ford Mustang Mach 1 include a cue ball style gear shifter, an engraved badge that reads the vehicle's chassis number, and other elements borrowed from the Shelby GT350. To know more, click here.
Thoughts About Volkswagen And Ford Making Their Joint Venture Official
We think these partnerships are healthy for the Industry. It will bring out the best from both brands and will allow for competitive design and style, as compared to a partnership that allows for cross-badging.