The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.
President-elect Donald J. Trump wants Congress to repeal a $7,500 electric vehicle tax credit. Doing so would hurt American automakers.
The new agreement builds on an earlier announcement in which the German automaker said it would invest up to $5 billion in Rivian, a maker of electric vehicles. The new venture brings them closer.
The Japanese automaker is carving deep cuts in its global operations as it struggles with a steep drop in sales.
Investors believe that the electric car company led by Elon Musk will benefit from his support of the president-elect.
A pesar de que Trump se ha opuesto a las políticas que favorecen a los vehículos eléctricos, si llega a la presidencia podría aliviar el escrutinio regulatorio de Tesla o proteger los créditos y subsidios lucrativos.
A brutal price war, sudden shifts in consumer demand and human rights issues in Xinjiang have left VW stumbling in a market it led for 40 years.
A brutal price war, sudden shifts in consumer demand and human rights issues in Xinjiang have left VW stumbling in a market it led for 40 years.
A brutal price war, sudden shifts in consumer demand and human rights issues in Xinjiang have left VW stumbling in a market it led for 40 years.
A brutal price war, sudden shifts in consumer demand and human rights issues in Xinjiang have left VW stumbling in a market it led for 40 years.